Pay structure reflects four general architectural principles. The first is the minimum and maximum levels of pay within the organization, and to whom those levels go. The second is the general relationship between the levels of pay. In this, the organization must understand the different types of employees that it has, and what the relationship is between those types. The third factor is whether the pay structure should lead the market, meet the market or lag the market. This can be broken down by pay class as well, so that some positions lag the market while others lead the market, depending on the importance of the position to the company. The fourth architectural component of pay structure, which is the division of the total compensation dollar between base pay, merit pay and pay-for-performance programs (Henderson, 2006).
A pay policy line is best described as a trend line that reflects the "middle…...
mlaReferences
Henderson, R. (2006). Compensation management in a knowledge-based world (10th ed). Chapter 11. Upper Saddle River: Prentice Hall.
Human esources
Job Evaluation, Market Pricing & Pay Structures
Job evaluation is a division of the salary management practice. It is a methodical examination of the relative demands that work places on a worker. Job evaluation results in a relative ranking of positions. This position, frequently expressed in terms of salary grades, is the foundation for the classification of salary ranges (Hilling, 2003). Market pricing is an organization of gathering data on the pay rates for comparable jobs in other companies to set up their market rate or price and track movements in those rates. The objective of the process is to help set the organization's own pay rates at the suitable level in order to employ and retain the personnel it desires (Graebner & Seaweard, 2004). While market pricing has forever been the foremost way that companies establish their pay levels, the lack of valuable survey data has been a problem…...
mlaReferences
Dufetel, L. (1991). Job evaluation: Still at the frontier. (cover story). Compensation & Benefits Review, 23(4), 53.
Graebner, D.R., & Seaweard, K.A. (2004). Bringing it all inside: Job evaluation and market pricing at JCPenney. Workspan, 47(8), 30-30-35.
Hilling, F. (2003). Job evaluation is here to stay. World at Work Journal, 12(3), 14-21.
Job Evaluation: Understanding the Issues. (n.d.). Retreived from http://www.effectivecompensation.com/PDF/CareerPathJobEvaluation.pdf
Pay Structure:
Southeastern Oklahoma State University is a growing university that has been characterized with professor and employee turnover rate. Since the rate is becoming a major concern, the institution is currently working on their pay structure in order to overcome this challenge. Notably, one of the major concerns for the institution is whether to conduct a survey when developing the pay structure. The need for conducting a survey is a crucial concern for the institution given that every organization must develop its own pay policy line, which is a trend line that best represents the value of jobs that are considered to have specific worth (Henderson, 2006, p.266).
Similar to many organizations, Southeastern Oklahoma State University should conduct a survey since the procedure for establishing a trend line or pay policy involves identifying the market rates for various benchmark jobs that cater for…...
mlaReferences:
"Developing a Competitive Pay Structure." (n.d.). Fox Lawson & Associates LLC. Retrieved
November 11, 2013, from http://bookstore.icma.org/freedocs/mlgs/foxlawsonarticle.pdf
Henderson, R.I. (2006). Designing a Base Pay Structure. In Compensation management in a knowledge-based world (10th ed., Chapter 11, pp.264-293). Upper Saddle River, NJ: Prentice Hall.
Now, the last one involves the balancing competitiveness with internal alignment through the use of ranges, flat rates, and/or bands. This is very important because a company would want to know who they are competing against and what they have to offer that will be able to go against them in the marketplace. Other things mentioned in this chapter, involve chapter talks about market pay survey (Salvador & Garcia-Menendez, 2001). There are three matters to look at before using pay surveys. One of those things is figuring out which employers will need to be included in the survey because clearly, everyone does not need to be involved. The second thing is to find out which jobs are will need to be included in the survey because obviously the proper ones need to be selected. It is not really necessary to use all of them. If multiple surveys are used,…...
mlaReferences:
Altman, M. (1995). Labor market discrimination, pay inequality, and effort variability: An alternative to the neoclassical model. Eastern Economic Journal, 21(2), 157-157.
Bosompra, K., Ashikaga, T., Flynn, B.S., Worden, J.K., & Solomon, L.J. (2001). Psychosocial factors associated with the public's willingness to pay for genetic testing for cancer risk: A structural equations model. Health Education Research, 16(2), 157-157.
Buescher, B.C. (2000). ABA model rule 7.6: The ABA pleases the SEC, but does not solve pay to play. The Georgetown Journal of Legal Ethics, 14(1), 139-157.
Huang, C.L., Kan, K., & Tsu-Tan, F. (1999). Consumer willingness-to-pay for food safety in taiwan: A binary-ordinal probit model of analysis. The Journal of Consumer Affairs, 33(1), 76-91.
H Pay Model
The author of this report has been asked to assess the chapter titles for the class text and then compare them to the pay model shown in figure two of the assignment. The aim of the assignment is to align each chapter title with the corresponding part of the pay model. There are sixteen chapters in total and four overall parts to the pay model, with the latter being alignment, competitiveness, contributors and management. The class text in question is Strategic Compensation by Martocchio. While some of the chapters in the book could technically be assigned to more than one part of the pay model, the fit between chapter and one particular part of the pay model is usually pretty clear.
Analysis
The first chapter in the book is called strategic compensation. One could really assign that to contributors, competitiveness or alignment in one form or another. However, the competitiveness…...
mlaReferences
Martocchio, J. (2015). Strategic compensation (8th ed.). New York, NY: Prentice Hall.
The people who opt for early retirement stop staring contribution to pension system where as they start getting the benefits of pension system. (Prieto, 1997)
The traditional unfunded social security system is facing lot of problems in the United States and other developing countries with the increasing life expectancy of the people. The cost of providing any level of service is directly linked to the percentage of people who are employed against people who have already retired and enjoying pension in a pay-as-you-go system. The problem is continuing and increasing with people's move towards early retirement which is encouraged in many countries social security system. Even in the event of retirement being stabilized, the steep increase in the ratio of the aged against that of working age is contributing to the substantial raise in the cost of pay-as-you-go system. The United States estimators, who work for social security system, forecast…...
mlaReferences
Aronson, Jay Richard; Hilley, John L; Maxwell, James Ackley. (1986) "Financing State and Local Governments" Brookings Institution Press.
Brainard, William C; Perry, George L. (1990) "Brookings Papers on Economic Activity:
Macroeconomics" Brookings Institution Press.
Campbell, John Y; Feldstein, Martin S. (2001) "Risk Aspects of Investment-Based Social
Skills-Based Pay
Lawler and Ledford (1987) argued twenty-six years ago that skill-based pay was going to become an increasingly popular concept in compensation management. Ledford and Heneman (2011) define skill-based pay as "a compensation system that rewards employees with additional pay in exchange for formal certification of the employee's mastery of skills, knowledge and/or competencies." The authors juxtapose this against a "job-based pay system," defined as a system where employees are entitled to receive their pay even if they are not proficient in their position.
There are two issues with the concept from the outset. The first is that employees should be proficient in their position, since they have been given that position. It makes little sense for an employee to remain in a position with no skills. Trotter (2013) notes that a person's skills and competencies contribute to them receiving the position, at least in any company where merit is taken…...
mlaReferences
Giancola, F. (2011). Skill-based pay: Fad or classic? Compensation Benefits Review. Vol. 43 (4) 220-226.
Lawler, Edward E., III, & Ledford, Gerald E., Jr. (1987). Skill-based pay: A concept that's catching on. Management Review, 76(2), 46-46. Retrieved May 30, 2013
Ledford, G. & Heneman, H. (2011). Skill-based pay. Society for Human Resource Management. Retrieved December 6, 2013 from http://www.siop.org/userfiles/image/SIOP_SHRM_Skill_Based_Pay.pdf
Trotter. R. (2013). Skills-based pay structures vs. job-based pay structures. Rory Trotter.com. Retrieved December 6, 2013 from http://rorytrotter.com/2013/04/10/skill-based-pay-structures-versus-job-based-pay-structures/
Several justifications for the continuous disparity in wages have been explained. It is obvious that women usually receive less and the central issue is to find out the cause. Men have attempted since decades to provide a justification by the help of hypothesis of various academic qualifications achieved by men or the various occupational responsibilities or vocations controlled by women as against those controlled by men. One reason is that women are featured in the remuneration gap equation, and a lot of these women belonging to a bygone period that continue to be dependent on the behavior and circumstances prevailing in the yester years. (Nash, 68)
Adversaries of uniformity in remuneration assert that preferences and not inequity is responsible for the disparity in the remuneration gap. People who are not in support of bridging the gap in remuneration between men and women think that the gap is present due to…...
mlaReferences
Acker, Joan. Doing Comparable Work: Gender, Class and Pay Equity. Philadelphia: Temple University Press, 1989.
Amott, Teresa. Caught in the Crisis: Women and the U.S. Economy Today. New York: Bantam Books, 1993.
Bellas, M.L. Disciplinary Differences in Faculty Salaries: Does Gender Bias Play a Role? Journal of Higher Education. Volume: 68; No: 3; 1997; pp: 299-321
Furchtgott-Roth, Diana; Stolba, Christine. Equal Pay for Equal Work. American enterprise. Volume: 12; No: 1; July 1999; pp: 37-42
Secondly, performance-related pay increases prevents inflationary tendencies since such increases are the outcomes of increased productivity. Managers and employees are benefited by performance-related pay increases in the following way: when profit or performance goes up higher earnings go to the employees. However, when the profits come down, the lowering of performance-related pay can protect employees from job losses. Moreover, there is enhanced motivation as employee can identify with the success of the business. Depending on the information-sharing habits of the management, pay variations may result in employees knowing more about fortunes and misfortunes that a business goes through. (de Silva, 1998)
Other advantages of performance-related pay include the following: it is an effective method of coping with poor performance; introducing such a reward system can help to develop a performance culture within the company; it can work as a direct incentive for employees to help reach defined job targets; an…...
mlaReferences
Armstrong, Michael. 2002. Employee reward. CIPD Publishing.
Armstrong, Michael; Murlis, Helen. 2007. Reward Management: A Handbook of Remuneration Strategy and Practice. Kogan Page.
Bee, Roland; Bee, Frances. 1997. Project management: the people challenge. McGraw-Hill Education.
Bucknall, Hugh; Wei, Zheng. 2005. Magic numbers for human resource management: basic measures to achieve-. Wiley Publications.
These figures dwarfed what other big businesses paid for discriminatory practices. These businesses included Texaco, Inc.; Shoney's, Inc., Winn-Dixie, Stores, Inc.; and CSX Transportation, Inc. Critics saw Coca-Cola's settlement as signaling a major breakthrough among big businesses as coming to terms with diversity in the workplace (King). ecause the company has been a leader in many areas, these critics regarded it as setting an example of greater openness to promotions across races of employees (King).
Settlement terms included $23.7 million as back pay; $58.7 million as compensatory damages; and $10 million as promotional achievement award fund distributed to the complainants. A remaining $20 million went to attorney's fees and $36 million to the implementation of internal program reforms. Coca-Cola would also create an external, seven-member task force to insure that the terms were complied with and to oversee the company's diversity efforts (King).
According to Social Networks. - Connections in a…...
mlaBibliography
Bland, T. (1999). Equal pay enforcement heats up. 4 pages. HR Magazine: Society for Human
Resources Management
Bronstad, a. (2001). EEOC alleges Beverley Hilton discrimination. 2 pages. Los Angeles
Business Journal: CBJ, LP
doctors make too much money, and if so, what is a fair wage for doctors. Do doctors make too much money? Many people think so. In fact, doctors are one of the highest paid occupations in the United States. What do they actually do for all that money? Many dissatisfied patients would say that they run their practices like factories, do not spend enough time with them, and their staff can be rude and disinterested. They would also note that doctors who treat their patients like robots make far too much money, especially for the service they offer.
Everyone knows that doctors are some of the highest paid professionals in this country. Specialists in certain areas can make almost $1 million dollars a year, and even the newest physicians regularly rake in over $100,000 a year after only three years in practice. Even the lowest paid doctors around the country…...
mlaReferences
Brownlee, Shannon. "Overdose: The Health-Care Crisis No Candidate Is Addressing? Too Many Doctors." The Atlantic Monthly; Dec. 2007. 36+.
Editors. "Physician Salary Survey." Physician Search.com. 2009. 12 Oct. 2009.
.
Gilmore, Amanda S., et al. "Patient Outcomes and Evidence-Based Medicine in a Preferred Provider Organization Setting: A Six-Year Evaluation of a Physician Pay-for-Performance Program." Health Services Research; Dec. 2007, Vol. 42 Issue 6. 2140-2159.
Human Resources -- Skill-Based Pay…Has it Caught on?
The skill-based pay structure sharply differs from the traditional job-based pay structure. Compensating an employee according to skill set, skill-based pay focuses on developing multi-skilled employees with an eye toward greater flexibility and productivity. Presenting both benefits and drawbacks, skill-based pay has developed to become one of the dominant compensation systems.
Compare and contrast a skill-based pay structure with a traditional job-based pay structure.
A traditional job-based pay structure compensates an employee according to the job he/she holds, sometimes with modifications dependent on the market (Mitra, Gupta, & Shaw, 2011). In contrast, a skill-based pay structure compensates an employee according to the employee's skill set: an employee with a greater skill set will receive higher compensation than another employee performing the same job but having a lesser skill set (Mitra, Gupta, & Shaw, 2011, p. 55). One strategic goal of the skill-based pay system is…...
mlaWorks Cited
Byers, L.L., & Rue, L.W. (n.d.). Human Resource Management, Ninth Edition, Chapter 13: Base wage and salary systems. Retrieved September 1, 2013 from www.google.com Web site: http://www.google.com/url?sa=t&rct=j&q=byers%20and%20rue%20wage%20and%20salary%20ch.%2013&source=web&cd=1&cad=rja&ved=0CDgQFjAA&url=http%3A%2F%2Fwww.midlandstech.com%2Fbusiness%2Fbcox%2FMGT%2520201%2Fbyars%2520rue%2520ppt%2FChap013.ppt&ei=vLGnUZbbK8HqrQH2
Daly, D. (2008). The effectiveness of skill-based pay systems. Retrieved September 1, 2013 from www.degarmogroup.com Web site: / de Silva, S. (n.d.). An introduction to performance and skill-based pay systems. Retrieved September 1, 2013 from www.ilo.org Web site: http://www.ilo.org/public/english/dialogue/actemp/downloads/publications/srspaysy.pdf https://www.degarmogroup.com/index.php/the-effectiveness-of-skill-based-pay-systems
Lawler, I.E., & Ledford, J.G. (1986, Jan/Feb). Skill-based pay: A concept that's catching on. Retrieved September 1, 2013 from search.proquest.com Web site: http://search.proquest.com.ezproxy.trident.edu:2048/docview/196758209
Ledford, Jr., G.E. (2011, June). Skill-based pay. Retrieved September 1, 2013 from www.siop.org Web site: http://www.siop.org/userfiles/image/SIOP_SHRM_Skill_Based_Pay.pdf
Negotiation Strategies
The author of this report is asked to review a situation, both in general and in particular, as it relates to gender pay equity in Australia and how decentralization has led to a lower performance threshold as far as that goes. The questions that will be answered are what the fundamental problems are for women in the workplace as part of remuneration goes, how the author would prepare for negotiations given the state of affairs that exist and to define an interest (two of them) and the positions that will underpin them. While women have traditionally been the homemakers and second chair in the workplace over the course of history, those women that wish to be career minded should not encounter a glass ceiling and they should be paid equally.
Negotiation Strategies
The barriers that exist are not hard to miss. In Australia as well as around the world, the man…...
mlaReferences
ACTU. (2015, March 10). Equal pay for work of equal value - ACTU Worksite for Schools. Retrieved March 10, 2015, from http://worksite.actu.org.au/equal -
pay-equal-value/
Shachar, M. (2011) Conflict Resolution Management (CRM). Text Book. Chapter 4.
Wanrooy, B. (2009). Women at Work in Australia: Bargaining a Better Position?
structure of Jann_2411( DUF14790) from Jannaschia sp at 1.45 A resolution reveals a new fold ( the ABATE domain) and suggests its possible role as transcription regulator"
The purpose of this study was to resolve the structure of the protein Jann_2411 and relate its structure to the functional properties of the protein. The researchers determined the structure using the method of x-ray crystallography (multiple wavelength anomalous diffraction) and structural analysis of the protein revealed it to be a putative stress-related transcription factor.
Jann_2411 has a molecular weight of 20.7 kDa (residues 1-187) and a calculated isoelectric point of 6.6 and its crystal structure was determined using the semiautomated high-throughput pipeline of the Joint Center for Structural Genomics. Structural analysis revealed a two domain organization with the N-terminal domain consisting of a new fold called ABATE (Alpha-beta hairpin and Alpha TandEm) domain and the C-terminal domain forming a treble-clef zinc finger after…...
mlaWorks Cited
Bakolitsa C. et al. (2009) The structure of Jann_2411(DUF14790) from Jannaschia sp at 1.45 A resolution reveals a new fold ( the ABATE domain) and suggests its possible role as transcription regulator. Structural Biology and Communications.
This leads to a high degree of autonomy for some subcommittees, while other subcommittees have only limited autonomy. Those with a high degree of autonomy will play a more direct role in legislative issues.
In addition to the committees, Congress has an entrenched leadership system. The highest rank is the Speaker of the House. Each party also has a Leader and a hip. The leader runs the party's activities in the House. The hip keeps track of legislation and works to make sure that party members vote in the manner desired by the party leader. The Speaker is the leader of the majority party; while the Majority Leader is second-in-command of the party. The Minority Leader is the leader of the minority party.
Leadership of the Senate is the Vice President of the United States. The party leaders have more power, however. Each party has a leader, as well as a…...
mlaWorks Cited:
Heitshusen, V. (2007). Committee Types and Roles. Congressional Research Service. Retrieved November 13, 2009 from http://www.rules.house.gov/archives/98-241.pdf
1. The variability in pediatric nurse salaries directly impacts the quality of care and services provided to pediatric patients in healthcare settings.
2. Disparities in pediatric nurse salaries lead to potential job dissatisfaction, burnout, and high turnover rates, which can ultimately compromise patient safety and outcomes.
3. Lower salaries for pediatric nurses may contribute to a shortage of qualified professionals in the field, leading to increased workloads for existing staff and potential gaps in care provision.
4. Discrepancies in pediatric nurse salaries can result in unequal access to quality healthcare services for pediatric patients, depending on the healthcare facility they visit.
5. Variances in....
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