Management and Organizational Studies 3342A/B Chapter Notes - Chapter 8: Cash Flow, Highly Suspect, Symposium On Theory Of Computing

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3342A/B
• Professor: Linda Eligh

Document Summary

Benchmark jobs approach stable job content and are common across different employers. Low-high approach identify the lowest and highest paid benchmark jobs for the relevant skills in the relevant market and to use the wages for these jobs as anchors for the skill-based structures. Info about the nature of the org assess the similarities and difference between survey users. Info about the total compensation system assess similarities and differences in total pay packages can"t assess all forms of pay and usually focus on base pay, total cash, and total compensation. Specific pay data on each incumbent in the jobs under study. Data collected will depend on the purpose of the survey and the jobs and skills included. Base pay, pay increase schedules, long and short term incentives, shift differentials. Composition of benefits and services, particularly the degree of coverage and contributions to medical and health insurance and pensions. Actual rates paid to each individual, total earnings, last increase.