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1、1111-1Establishing Strategic Pay Plans1111-1Establishing Strategic P11-2List the basic factors determining pay rates.Define and give an example of how to conduct a job evaluation.Explain in detail how to establish a market-competitive pay plan.Learning Objectives11-2List the basic factors det11-3Lea
2、rning ObjectivesExplain how to price managerial and professional jobs.Explain the difference between competency-based and traditional pay.11-3Learning ObjectivesExplain11-4List the basic factors determining pay rates.11-4List the basic factors det11-5Basic Factors in Determining Pay RatesAligning to
3、tal rewards with strategyEquity and its impact on pay ratesEquity theory of motivationAddressing equity issues11-5Basic Factors in Determini11-6Legal Considerations in CompensationFair Labor Standards Act (1938)Exempt/nonexemptEqual Pay Act (1963)Employee Retirement Income Security Act (1974)Other l
4、egislation11-6Legal Considerations in Co11-7IMPROVING PERFORMANCE: HR as a Profit CenterWegmans Foods Uses Strategic compensation management A total rewards package Produces employee behaviorsAchieves Wegmans strategic goals11-7IMPROVING PERFORMANCE: HR 11-8Other FactorsUnion influences on compensat
5、ion decisionsPay policiesGeography11-8Other FactorsUnion influen11-9IMPROVING PERFORMANCE: HR Practices Around the GlobeCompensating Expatriate EmployeesHome-based planTransferees base salary tied to home countrys salary structure salaryHost-based planTransferees base salary tied to the host country
6、s salary structure11-9IMPROVING PERFORMANCE: Com11-10ReviewAlignment with strategyEquity external, internalLegal considerationsUnion influencesPay policiesGeography11-10ReviewAlignment with stra11-11Define and give an example of how to conduct a job evaluation.11-11Define and give an exampl11-12Job
7、Evaluation MethodsCompensable factorsPreparing for the job evaluation11-12Job Evaluation MethodsCom11-13Job Evaluation Methods: RankingObtain job informationSelect and group jobsSelect compensable factorsRank jobsCombine ratings11-13Job Evaluation Methods: R11-14Job classificationPoint method“Packag
8、ed” point plansComputerized job evaluationsJob Evaluation Methods11-14Job classificationJob Eva11-15Compensable factorsPreparationRankingClassificationPoint methodComputer-basedReview11-15Compensable factorsReview11-16Explain in detail how to establish a market-competitive pay plan.11-16Explain in d
9、etail how to 11-17How to Create a Market-Competitive Pay PlanChoose benchmark jobsSelect compensable factorsAssign weights Convert percentages to pointsDefine each factors degreesDetermine degrees and assign points for job factors11-17How to Create a Market-Co11-18How to Create a Market-Competitive
10、Pay PlanReview job descriptions and specificationsEvaluate the jobsWhat is a market competitive pay plan?What are wage curves?11-18How to Create a Market-Co11-19How to Create a Market-Competitive Pay PlanDraw current (internal) wage curveConduct market analysis: salary surveysCommercial, professiona
11、l, and governmentUsing internet to do compensation surveys11-19How to Create a Market-Co11-20How to Create a Market-Competitive Pay PlanDraw market (external) wage curveCompare and adjust Develop pay gradesEstablish rate rangesAddress remaining jobsCorrect out-of-line rates11-20How to Create a Marke
12、t-Co11-21IMPROVING PERFORMANCE: HR Tools for Line Managers and EntrepreneursInternational S has global based employees Uses the Web for determining salaries and trendsRequest salary data from professional groupsMonitors rates viewing job boards11-21IMPROVING PERFORMANCE: HR11-22Review11-22Review11-2
13、3Explain how to price managerial and professional jobs.11-23Explain how to price mana11-24Pricing Managerial and Professional JobsCompensating executives and managersWhat determines executive pay?Elements of executive payManagerial job evaluationCompensating professional employees11-24Pricing Manage
14、rial and Pr11-25ExecutivesProfessionalsPayReview11-25ExecutivesReview11-26Explain the difference between competency-based and traditional pay.11-26Explain the difference be11-27Contemporary Topics in CompensationCompetency-based payWhat is it?Why use it?In practiceThe bottom line11-27Contemporary To
15、pics in Co11-28IMPROVING PERFORMANCE: HR Practices Around the GlobeJLGs Skill-Based Pay ProgramSupplies access equipment such as aerial work platforms and mast boomsPay increases based on skill acquisitionProductivity has increased11-28IMPROVING PERFORMANCE: JL11-29BroadbandingActively managingCompa
16、rable worthThe pay gapBoard oversightTotal rewards and tomorrows pay programsTrends11-29BroadbandingTrends11-30ReviewBroad bandingManagementWorthBoardsTomorrow11-30ReviewBroad banding11-31Translating Strategy into HR Policies and PracticesWhat would you tell Lisa if she asked, “How do I set up a new compensation plan for the Hotel Paris?”D
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