What role should job evaluation, market pricing, and pay survey data play in your efforts to develop a new base pay plan for your workforce?
Scenario: You are an HR professional in your private-sector organization. When your physical retail chain organization merged two years ago with a firm that specializes in online apparel retailing, your company had to hire 150 employees to keep up with growth. This brought your employee count to 250. Up until the merger your company paid top market rate, but once the merger took place the company adopted the merging company’s plan where pay was based 20% below market value. The base pay plan now in place is ineffective for the type of company yours has become, where 65-70% of your sales are online. What role should job evaluation, market pricing, and pay survey data play in your efforts to develop a new base pay plan for your workforce? Your boss has asked you to come up with at least six sources useful for the top managers in your organization to learn about these processes. Assignment: In this assignment you will incorporate the most effective sources of information possible, giving special attention to the quality of sources utilized for the purpose intended. Find at least six valid sources of information, two for each of the three topics listed below. At least four of your six sources should NOT be listed in Module 1. Those resources should either come from other sources. Job Evaluation: A formal, systematic means to identify the relative worth of jobs within your firm. Market Pricing: Using market data to identify the relative value of jobs based on what other employers pay for similar jobs. Pay Surveys: Collection of data on compensation rates for workers performing similar jobs in other organizations. Provide at least a half-page review on each of the six sources you identify to use. Discuss: How the term specifically relates to the concept of total rewards, The criteria you applied to determine that each source was appropriate to educate your company managers. Why each source was chosen (relevance of the info), and Any ethical or legal issues that should be considered. Citation and reference style instructions are available at https://owl.english.purdue.edu/owl/resource/560/10/. Also see Trident University’s Student Guide to Writing a High-Quality Academic Paper. You will find the following useful as you critique sources: Cornell University. (2015). Critically analyzing information sources: Critical appraisal and analysis. Retrieved from http://olinuris.library.cornell.edu/ref/research/skill26.htm Cornell University. (2014). Evaluating Web sites: Criteria and tools. Retrieved from http://olinuris.library.cornell.edu/ref/research/webeval.html Information Literacy Assessed In MGT301 (Principles of Management) information literacy was assessed at the “introduced level.” Now at this reinforced level, the MGT411 Case 1 takes information literacy a step further by closely examining the sources utilized. The skills needed in each info literacy assignment builds upon each other and aim to offer you the opportunity to enhance and practice your information literacy skills. Your submission should be 3-4 pages, and will be assessed on: Determine the extent of information needed Access the needed information Evaluate information and its sources critically Use information effectively to accomplish a specific purpose Access and use information ethically and legally Timeliness APA FORMAT
