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GB520-M3 - Karan Desai
GB520-M3 - Karan Desai
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Rubric https://kapextmediassl-a.akamaihd.net/business/GB520/GB520ET/GB520M3_Competency_Assessment
Case https://kapextmediassl-a.akamaihd.net/business/GB520/GB520_1707D/GB520_Unit4_Case_Study.pdf
nt/15582037/View
M3_Competency_Assessment_Checklist_2003D.pdf
B520_Unit4_Case_Study.pdf
Task A: Create a complete job description for the benefits manager position using O*NET or another similar web application.
Job Summary Plan, direct, or coordinate compensation and benefits activities within the organization.
Job tasks Design, evaluate, and modify benefits policies to ensure that programs are current, comp
Analyze compensation policies, government regulations, and prevailing wage rates to de
Administer, direct, and review employee benefit programs, including the integration of b
Fulfill all reporting requirements of all relevant government rules and regulations, includ
Formulate policies, procedures and programs for recruitment, testing, placement, classifi
Job-relevant knowledge needed Personnel and Human Resources — Knowledge of principles and procedures for personn
Administration and Management — Knowledge of business and management principles
English Language — Knowledge of the structure and content of the English language incl
Customer and Personal Service — Knowledge of principles and processes for providing cu
Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and the
Skills needed Active Listening — Giving full attention to what other people are saying, taking time to u
Reading Comprehension — Understanding written sentences and paragraphs in work-rel
Speaking — Talking to others to convey information effectively.
Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses o
Judgment and Decision Making — Considering the relative costs and benefits of potentia
b application.
d procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel inf
management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production
the English language including the meaning and spelling of words, rules of composition, and grammar.
processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services,
lculus, statistics, and their applications.
e saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
nd paragraphs in work-related documents.
EXAMPLE
Compensable Factor Job evaluation for Front Desk Receptionist Job evaluation for Administrative Assistant
Responsibility (30%)
Scope of Control 1 10% 10 2 10%
Impact of Job 2 20% 40 2 20%
Effort (20%)
Degree of Problem Solving 1 10% 10 2 10%
Task Complexity 1 10% 10 2 10%
100% 120 100%
Rationale:
- Some formal education and word /
spreadsheet processing skills required
Administrative Assistant Job evaluation for Payroll Assistant Job evaluation for Operational Analyst
Points Degree (1,2,3,4) Weight Points Degree (1,2,3,4) Weight Points Degree (1,2,3,4)
50 2 25% 50 3 25% 75
50 2 25% 50 3 25% 75
20 1 10% 10 2 10% 20
40 2 20% 40 2 20% 40
20 1 10% 10 2 10% 20
20 2 10% 20 3 10% 30
200 100% 180 100% 260
Rationale: Rationale:
ation and word / - Some formal education and - Formal education and
sing skills required financial / payroll skills are required understanding of engineering and
mathematical concepts are needed
impact of the job due - Relatively low job impact
executives - Moderate level of impact given
- Some task complexity faced when interactions with managers and
y faced and problem- dealing with complex payroll inputs into decision-making
n dealing with situations
and needs - Faces complex tasks, prepares
reports, and needs to use sound logic
to make recommendations
Job evaluation for Benefits Manager
3 25% 75
3 25% 75
2 10% 20
2 20% 40
2 10% 20
2 10% 20
100% 250
Rationale:
- Formal education and skillset in HR
field needed
I would recommend removing any outliers from the data, to get a more accurate read.
Base Pay
Company Role # of Job Incumbents Min Avg Max
A Front Desk Receptionist 1 $21,000 $21,000 $21,000
B Front Desk Receptionist 2 $21,000 $22,000 $23,000
C Front Desk Receptionist 1 $18,000 $18,000 $18,000
D Front Desk Receptionist 2 $20,000 $21,000 $22,000
E Front Desk Receptionist 2 $18,000 $18,500 $19,000
F Front Desk Receptionist 1 $17,500 $17,500 $17,500
A Admin Assistant 4 $21,000 $25,000 $28,000
B Admin Assistant 4 $27,000 $31,000 $34,500
C Admin Assistant 3 $29,000 $30,000 $32,000
D Admin Assistant 5 $28,000 $33,000 $34,000
E Admin Assistant 4 $27,000 $29,000 $30,000
F Admin Assistant 4 $27,000 $28,000 $30,000
A Operations Analyst 2 $50,000 $55,000 $60,000
B Operations Analyst 4 $54,000 $57,000 $59,000
C Operations Analyst 3 $54,000 $56,000 $58,000
D Operations Analyst 5 $52,000 $58,500 $61,000
E Operations Analyst 3 $57,000 $59,000 $61,000
F Operations Analyst 3 $53,000 $54,000 $55,000
A Payroll Assistant 2 $34,000 $35,000 $36,000
B Payroll Assistant 3 $32,000 $34,000 $35,000
C Payroll Assistant 1 $35,000 $35,000 $35,000
D Payroll Assistant 3 $33,000 $35,000 $37,000
E Payroll Assistant 2 $35,000 $36,000 $37,000
F Payroll Assistant 2 $27,000 $29,000 $31,000
A Benefits Manager 1 $62,000 $62,000 $62,000
B Benefits Manager 2 $61,000 $61,500 $62,000
C Benefits Manager 1 $60,000 $60,000 $60,000
D Benefits Manager 3 $62,000 $64,000 $65,000
E Benefits Manager 2 $62,000 $63,000 $64,000
F Benefits Manager 1 $66,000 $66,000 $66,000
mend doing with them? From this point forward, assume no extreme data points exist in the dataset.
$19,944
$29,458
$56,875
$34,909
Outliers, much lower compared to market - ignore for analysis
$62,900
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 respe
$60,000
$50,000
f(x) = 162.912745467093 x + 7908.99915302089
$40,000 R² = 0.254138202750224
$30,000
$20,000
$10,000
$0
100 120 140 160 180 200 220 240 260 280
on the X axis) and the respective weighted average market base pay (on the Y axis) for each benchmark job.
R2 is 0.25, which means the Job evaluation points are only a 25% predictor of the role's base pay - not very high.
This means that this regression equation is NOT sufficient to proceed, in terms of predicting base pay for other roles.
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 offe
rmine the base pay rate you will offer for each benchmark job.
(From C)
Job title Weighted avg market base pay Pay grade
Front Desk Receptionist $19,944 1
Admin Assistant $29,458 1
Operations Analyst $56,875 2
Payroll Assistant $34,909 1
Benefits Manager $62,900 2
Grade 1 combined Front Desk Receiptionist, Admin Asistant and Payroll assistant roles as they are clearly lower-paying than th
Grade 2 combined Operations Analyst and Benefits Manager roles as they are higher-paying than the rest of the group, and do
Task I: Use your answer to Task H to determine the pay range (i.e., minimum and maximum) for each pay grade.
re clearly lower-paying than the other group, and require less formal education.
n the rest of the group, and do require formal education and face complex tasks.
ge using the min and max pay from the 3 roles in this pay grade from the survey data.
ge using the min and max pay from the 2 roles in this pay grade from the survey data.