Linking compensation to market pricing evens the playing field for employees.
Does using a job evaluation system for jobs that do not have market pricing data affect the relationship of these jobs to jobs that do have market pricing data? If so, explain how.
Certainly. Components of all job tasks surround performance, but if Sears is going to avoid compression in the workforce and maintain a rewards system, they must find a way to even out compensation structures. For jobs that do not have market pricing, the company must either guess or estimate compensation data, which is likely to be more qualitative than quantitative. Second, it is more difficult for the employee to understand value-based sales volume without a way to price goods to market.
What should Sears do if the market pricing data for a specific job goes down from the previous year? Explain your answer.
Using a compensation system that takes a base wage and adds a commission structure based on market pricing and turn data is a system that must be fluid and constantly evolving. The price of goods is rarely static, and so many factors come into play that result in the necessity for flexibility with the structure. On an annual basis, different items...
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