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Compensation Decision Essay

3982 words - 16 pages

Compensation Decision
Angeline Berleus
DeVry University

HRM 590
Professor William Lauffer
June 16, 2014
HRM590: Compensation Decisions
Your job now is to pull together all the information you’ve completed so far in class and make salary decisions for your team. You have completed Cathy’s evaluation and received assignment feedback. This is the first year that you’ve made salary decisions for this team. Be sure to carefully review the information provided. You may simply type in the cells as the text will automatically wrap. You are required to:
1. Enter Cathy’s appraisal rating (she is last on the list);
2. Within your budget dollars, make your salary decisions based ...view middle of the document...

] |
Alice is a Hispanic female, 42YO with 17 years’ service. Alice is a good worker. She has a lot of potential, which netted her the higher rating. She needs some more skills and experience at this level though. | A4 | $22,500 | 80.4% | 3 | | |
Substantiation and Risk Analysis: |
Calvin, 28YO black male with 9 months service. Calvin is a real go getter. He hasn’t been with the company long enough to earn a higher rating, but his work is outstanding, high skill set and is looking to stay with our company for a career. | A4 | $26,500 | 94.6% | 4 | | |
Substantiation and Risk Analysis: |
Jane is a 32YO white female with 12 years’ service. Jane joined the company as an A3. Her work is satisfactory, nothing to brag about, but she’s been with the company awhile and can be dependable. | A3 | $19,100 | 86.8% | 3 | | |
Substantiation and Risk Analysis: |
Beth is a 64YO Asian female with 41 years’ service. Beth stated she would probably retire this year, but has yet to turn in her paperwork. She’s had a history of higher ratings, but her ratings have slipped over the last 6 years. | A3 | $19,700 | 89.5% | 3 | | |
Substantiation and Risk Analysis: |
Ben is a 47YO white male with 27 years’ service. He’s a good worker, been with your group for a couple years. Hasn’t yet expanded his skills, which you thought he’d do even though hired for a specific job. What he does, he does outstandingly. | A3 | 21,000 | 95.5% | 4 | | |
Substantiation and Risk Analysis: |
Alex is a 30YO white male with 9 years’ service. He’s quite a guy, performs well at his job. Started as an occupational worker and has worked his way into management. | A2 | $15,800 | 92.9% | 5 | | |
Substantiation and Risk Analysis: |
Ken is a 20YO Hispanic male with 1 year service. Ken is young and fresh. You think he should have been hired at a higher level because his skills are so good. You don’t want to lose him because he adds value to the business. You’ll probably jump him to an A4 position soon. | A2 | $17,000 | 100% | 4 | | |
Substantiation and Risk Analysis: |
Cathy is your 19YO (ethnicity unknown) female HR Receptionist. She has been with the company for 1 year. You recently completed her performance evaluation. | A2 | $12,000 | 70.6% | [insert the rating you gave Cathy] | | |
Substantiation and Risk Analysis: |

*This shows the pay scale range for each employee by percentage. Formula is current salary ÷ top salary range. This percentage range should be between 75% - 100%.

Overall Comments:

Compensation planning can be a very challenging task in order to make the best possible pay decision, it is important to understand the characteristics of the pay structure under which the organization is operating. Normally pay structures will help determine how and why decisions are made. When it comes to compensation decisions many factors will play into the decision. For instance consider equitable compensation which is...

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