ADM 2337 Lecture Notes - Lecture 9: Canada Industrial Relations Board, Occupational Injury, Merit Pay

• School: University of Ottawa
• Department: Administration
• Course: ADM 2337
• Professor: Catherine Elliott

Document Summary

Compensable element of a job: skill, effort, responsibility, and working conditions. Focus on a benchmark job : job that is critical to the firm"s operations. Survey aimed at determining prevailing wage rates for comparable jobs. Determine pay rates for benchmark jobs (eg: 10-15) Methods: wage and salary surveys, employer-initiated, stats-can, or external (watson wayatt, hay, Develop a wage curve assign pay rates to each pay grade. Wage curve: graph depicting the relationship between the value (job evaluation points) and average wage (rate) paid for a job. Pay grades: groups of jobs within a particular class that are paid the same rate. Rate ranges: range of rates for each pay grade (steps for employees to progress), typically greater for each successive grade (figure 9. 4) Red circle rates: payment rates above the maximum of the pay range. Broad-banding: collapses many traditional salary grades into a few wide salary bans.