Question 19 (15 points) This is the data you collected while preparing for your annual merit and compensation review. Your task is to provide me with the following information using the POINT METHOD of determining a pay plan for your employees. USE THE DATA SECTION TO CREATE YOUR ANSWERS. The four departments being reviewed are; human resources, accounting, purchasing and materials management. QUESTIONS 1. Using 500 points calculate the points for the four basic compensable factors; skill, working conditons, responsibility and effort? 2. Once the points have been determined, provide me with the points for a five level pay matrix starting at level 1 entry, level 2, level 3 intremediate, level 4, and level 5 senior ? 3. Create from the Salary Survey data provided in the DATA section the P50 level of pay for the ENTRY, INTERMEDIATE AND SENIOR pay levles? tip-Add and divide 4. When you have created the P50 level for each;ENTRY, INTERMEDIATE AND SENIOR plot a wage curve at your desk at home and then provide me with the following payments at the: 125 mark, 355 mark and the 430 mark DATA NEEDED TO COMPLETE THIS TASK using 500 points 1. Skill = 30%, Working Conditions 10%. Responsibility 40% and Effort 20%. 2. SALARY SURVEY DATA BELOW P50 human resources, entry $34.0 intermediate $41.0 senior $47.0 P50 accounting: entry $35.0 intermediate $41.0 senior $47.0 P50 purchasing entry $34.0 intermediate $40.0 senior $48.0 P50 master scheduler $37.0 intermediate $42.0 senior $50.0 REMEBER THE PROCESS WHEN YOU PLOT YOUR PAY LINE. THE VERTICAL AXES IS DOLLARS AND HORIZONTAL IS YOUR POINTS. Question 19 (15 points) This is the data you collected while preparing for your annual merit and compensation review. Your task is to provide me with the following information using the POINT METHOD of determining a pay plan for your employees. USE THE DATA SECTION TO CREATE YOUR ANSWERS. The four departments being reviewed are; human resources, accounting, purchasing and materials management. QUESTIONS 1. Using 500 points calculate the points for the four basic compensable factors; skill, working conditons, responsibility and effort? 2. Once the points have been determined, provide me with the points for a five level pay matrix starting at level 1 entry, level 2, level 3 intremediate, level 4, and level 5 senior ? 3. Create from the Salary Survey data provided in the DATA section the P50 level of pay for the ENTRY, INTERMEDIATE AND SENIOR pay levles? tip-Add and divide 4. When you have created the P50 level for each;ENTRY, INTERMEDIATE AND SENIOR plot a wage curve at your desk at home and then provide me with the following payments at the: 125 mark, 355 mark and the 430 mark DATA NEEDED TO COMPLETE THIS TASK using 500 points 1. Skill = 30%, Working Conditions 10%. Responsibility 40% and Effort 20%. 2. SALARY SURVEY DATA BELOW P50 human resources, entry $34.0 intermediate $41.0 senior $47.0 P50 accounting: entry $35.0 intermediate $41.0 senior $47.0 P50 purchasing entry $34.0 intermediate $40.0 senior $48.0 P50 master scheduler $37.0 intermediate $42.0 senior $50.0 REMEBER THE PROCESS WHEN YOU PLOT YOUR PAY LINE. THE VERTICAL AXES IS DOLLARS AND HORIZONTAL IS YOUR POINTS
