Ladika, S. (2005). Decompressing pay. HRMagazine, 50(12), 79-82. Retrieved from ProQuest in the Trident Online Library.
Next, complete the following steps to see if you are a red-circled employee or green-circled employee, and more importantly, determine your market value both as a civilian and (if applicable) as a service member. If you are not currently working, then complete this assignment based upon a prior job. Please know that the information within this assignment will remain completely confidential within the course and will only be assessed based on the assignment requirements.
We understand that this assignment can be a little tricky if you are in the military. However, the learning objectives in this assignment will assist you in a number of ways. Furthermore, the following site has some useful information for those in the military where you can put in your MOS and receive civilian work equivalents: O*Net Military Crosswalk Search: https://www.onetonline.org/crosswalk/MOC?b=A&s=MOS-25C-001&g=Go
Research what the pay range is in the market for a position that is comparable to yours. This information can be located using the U.S. Bureau of Labor Statistics (www.bls.gov) or the Occupational Network Online (https://www.onetonline.org/).
Find the midpoint or average of the market pay range for your position.
Divide your current pay by the pay range midpoint. If your compa-ratio is above 100 percent, your pay is above market value and, if it is below, then it is below market value.
$76,000.00 (current pay)
Employee Joe Smith = —————————————- x 100 = 76% (Compa-ratio)
Strategically using the compa-ratio values during performance appraisals can be helpful to determine the maximum and minimum amounts for salary increases. Usually, an 80%-100% compa-ratio is the norm; however, each organization will have their own standards. In the example above, a raise would be necessary.
As a practical example, if an employee “exceeds expectations” in all areas of a performance review and has a current compa-ratio of 76%, then the HR manager can recommend a higher raise to meet the specific organization’s minimum standard of all jobs having a 80% – 90% compa-ratio to stay competitive in the market.
Once you have finished computing your compa-ratio, write a 1- to 2-page paper addressing the following questions:
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more