Management and Organizational Studies 3342A/B Lecture Notes - Lecture 3: Job Analysis, Organizational Architecture, Ob River
Document Summary
Compensation strategy is formulated on the five decisions. Pay model guides strategic decisions outlined in the pay model: set objectives, specify 4 policy choices of, internal alignment, external alignment, employee contributions, management. These decisions, taken together, form a pattern that becomes an organization"s compensation strategy. Addresses relationships among different jobs inside a single organization. Examines relative value of jobs in terms of job content (e. g. , Dtrs (duties, tasks, responsibilities)), and qualifications of job holders (e. g. , ksaos) The relationships among different jobs inside an organization form a job structure: an ordering of jobs based on their relative value. Decisions on what to pay each job within the job structure at the different levels creates a pay structure. Refers to the array of pay rates for different work or skills (as determined by the job structure) within a single organization, created through the use of: The number of levels of work/ jobs (organizational hierarchy)