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SHRM Case Analysis: Designing a Pay Structure

## Task A: Create a complete job description for the Benefits Manager position using O*NET.

You will prepare the SHRM case analysis on Designing a Pay Structure which consists of your completion of Tasks A-J that simulates the creation of a compensation system for an organization in meeting its goals and supporting its mission. You are to complete this case analysis using Excel in a spreadsheet analysis format. In your analysis, respond to the following TASKS found in the case study.

Your case analysis should consist of:

• Task A: Create a complete job description for the Benefits Manager position using O*NET.

• Task B: Calculate the job evaluation points for the administrative assistant, payroll assistant, operational analyst, and benefits manager jobs. Provide a rationale for assigning specific degrees to the various jobs.

• Task C: If there were any outliers (i.e., extreme data points) in these data, what would you recommend doing with them? From this point forward, assume no extreme data points exist in

the dataset. Second, calculate the weighted means (for base pay) for each benchmark job.

• Task D: Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points (on the X axis) and the respective weighted average market base pay (on the Y axis) for each benchmark job.

• Task E: What is your R squared (variance explained)? Is it sufficient to proceed?

• Task F: Calculate the predicted base pay for each benchmark job.

• Task G: Because your company wants to lead in base pay by 3 %, adjust the predicted pay rates to determine the base pay rate you will offer for each benchmark job.

• Task H: Create pay grades by combining any benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined any benchmark jobs to form a grade.