Please explain how to find the salary for each job, an example of a grade diagram, and how to calculate the raises.

Inflation is 1.8% if needed

This phase of your compensation project deals with individual equity. Use the Information Systems Technician (IST) for this phase. There are 5 individuals in this job. We will identify them as ISTI, IST2, IST3, IST4, and ISTS. The data for this project is provided below. Your task is to allocate pay increases. Show the location of these 5 information systems technicians in the pay grade before and after the raise. Individual Salary Performance # years with org. # years in job sex 1 ISTI IST2 IST3 IST4 ISTS .95% .7x X 1.05x 1.4x 4 5 5 4 3 2 3 2 2 3 NN M F F F M 3 Note: x is the midpoint of the grade that the Information Systems Technician positions fall in within your pay system that will be described below. Performance was rated on a 1 to 5 scale with scale points of 1 - very poor, 3 - average, and 5 - very good. Data on grade in which the ISTs fall (data provide in monthly salary amounts) Grade midpoint: $3200 Grade minimum: $2880 Grade maximum: $3520 Pay Raise System The pay raise system is a Performance and Position in Grade system Position In Grade Max/100 75 Midpoint/50 25 Min/0 1 1% 1.50% 2% 2.50% 3% Performance 23 1.50% 2% 2% 2.50% 2.50% 3% 3% 3.50% 3.50% 4% 4 2.50% 3% 3.50% 4% 4.50% 5 3% 3.50% 4% 4.50% 5% You are to utilize the data provided, along with the material provided as part of the instruction with this course, to administer pay raises to five employees. There are several steps you need to take to accomplish this task. 1. First, you need to use the wage data provided to calculate the salaries for each IST. 4. Fourth, construct a typical grade diagram (i.e., two sides with a line for the grade minimum, midpoint and maximum) indicating where each IST falls relative to these points in the grade. 5. Fifth, applying the rules and concepts covered in the course about pay raises utilize the system provided (Pay Raise System) to allocate pay raises. Consider all material covered in the pay raise portion of the course and utilize all funds. When you are done you should have no money left in your pay raise pool. This phase of your compensation project deals with individual equity. Use the Information Systems Technician (IST) for this phase. There are 5 individuals in this job. We will identify them as ISTI, IST2, IST3, IST4, and ISTS. The data for this project is provided below. Your task is to allocate pay increases. Show the location of these 5 information systems technicians in the pay grade before and after the raise. Individual Salary Performance # years with org. # years in job sex 1 ISTI IST2 IST3 IST4 ISTS .95% .7x X 1.05x 1.4x 4 5 5 4 3 2 3 2 2 3 NN M F F F M 3 Note: x is the midpoint of the grade that the Information Systems Technician positions fall in within your pay system that will be described below. Performance was rated on a 1 to 5 scale with scale points of 1 - very poor, 3 - average, and 5 - very good. Data on grade in which the ISTs fall (data provide in monthly salary amounts) Grade midpoint: $3200 Grade minimum: $2880 Grade maximum: $3520 Pay Raise System The pay raise system is a Performance and Position in Grade system Position In Grade Max/100 75 Midpoint/50 25 Min/0 1 1% 1.50% 2% 2.50% 3% Performance 23 1.50% 2% 2% 2.50% 2.50% 3% 3% 3.50% 3.50% 4% 4 2.50% 3% 3.50% 4% 4.50% 5 3% 3.50% 4% 4.50% 5% You are to utilize the data provided, along with the material provided as part of the instruction with this course, to administer pay raises to five employees. There are several steps you need to take to accomplish this task. 1. First, you need to use the wage data provided to calculate the salaries for each IST. 4. Fourth, construct a typical grade diagram (i.e., two sides with a line for the grade minimum, midpoint and maximum) indicating where each IST falls relative to these points in the grade. 5. Fifth, applying the rules and concepts covered in the course about pay raises utilize the system provided (Pay Raise System) to allocate pay raises. Consider all material covered in the pay raise portion of the course and utilize all funds. When you are done you should have no money left in your pay raise pool