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Pay Plans

Pay Plans. Dessler Chapter 11 MIDTERM AND HRM INTERVENTION 1 WILL BE GIVEN BACK AT THE END OF CLASS TODAY. Agenda – 3/15/05. Announcements Reminders Pay Plans Midterm. Job/Internship Opportunities. Please See Course Homepage

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Pay Plans

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  1. Pay Plans Dessler Chapter 11 MIDTERM AND HRM INTERVENTION 1 WILL BE GIVEN BACK AT THE END OF CLASS TODAY

  2. Agenda – 3/15/05 • Announcements • Reminders • Pay Plans • Midterm

  3. Job/Internship Opportunities Please See Course Homepage Click on “Career Opportunities” for Information on 3 Possibilities

  4. Thursday (3/17/05) GROUP TIME No Regularly Scheduled Class Contact Me Via Email ENJOY YOUR SPRING BREAK!

  5. Reminders Performance Report #3 Due 3/18/05 Via Email Before 3:00 PM

  6. Pay Plans • What Are Pay Plans? • Terminology • How and When Do Organizations Evaluate Pay Plans? • Salary Surveys • Job Evaluation • Pay Grades • Pay Ranges • Why Organizations Evaluate Pay Plans? • External and Internal Equity

  7. Terminology • Compensation • Direct and Indirect • Exempt vs. Non-exempt • (In)Equity • Salary Compression

  8. Conduct a Pay Survey Price Jobs and Rank Jobs According to Benchmark Jobs Job Evaluation Based Upon Compensable Factors Developed in Job Analysis and Ranking Those Jobs Classes and Grades Groups Based on Factors or by Pay Price the Job Linear Establish Pay Ranges Upper and Lower-bound Pay for Jobs in a Class or Grade Continual Updates How and When Organization Develop Pay Plans

  9. Why Organizations Develop Pay Plans • Compensation • Attract, Motivate, and Retain Employees • Fairness Issues • Internal Equity • External Equity • Relative Depravation • Bottom Line Concerns

  10. Executive Pay Normally Not Just Direct Pay Golden Parachutes Insurance Premiums STOCK OPTIONS What Does this Reward? Broadbanding Less Classes or Grades More Jobs in Classes and Grades Wider Pay Range Pay for the Skills not the Job Itself Balance Internal and External Equity Modern Pay Plan Issues

  11. Midterm Significant Difference Between Sections F(1,84) = 4.69, p = 0.03

  12. Midterm Exam – 9:00 AM • Descriptive Statistics • Range: 53% - 98% (22 – 41 Correct) • SD: 10.9% (4.6 Correct) • Mean: 71% (30 Correct) • Median: 71% (30 Correct) • Mode: 81% (34 Correct) • Grade Distribution • 2 As, 10 Bs, 14 Cs, 12 Ds, 8 F

  13. OBE 153-01 9:00 AM

  14. Midterm Exam – 10:30 AM • Descriptive Statistics • Range: 45% - 98% (19 – 41 Correct) • SD: 10.8% (4.5 Correct) • Mean: 76% (32 Correct) • Median: 76% (32 Correct) • Mode: 83% (35 Correct) • Grade Distribution • 4 As, 13 Bs, 13 Cs, 7 Ds, 3 F

  15. OBE 153-02 10:30 AM

  16. Midterm Grade Appeal Due Next Class (3/29/05) Visit www.csus.edu/indiv/w/wheelera or See Syllabus

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