Compensation and Benefits
HRMT415-1704A-01
Unit 4 Discussion Board
Analyzing Compensation Plans
Dr. Jim Lane
10-27-17
1. Introduction
2. What is A Job analysis
3. Job analysis and how it relates to Job Value
a. Job description
b. Tasks and duties
c. Value analysis and determining compensation
4. Types of compensation
a. Base Pay
b. Bonuses
c. Commission
d. Monetary Incentives
e. Pay Raise
5. Benefits of competitive compensation plans
a. Attract candidates
b. Employee morale and retention
c. Relating employee compensation to organizational profit
6. Job Analysis used by my organization
a. Observation method
i. Pros
ii. Cons
b. Suggested Methods
i. Interview
ii. Questionnaire
iii. Focus groups
7. Job Evaluation Used by my organization
a. Forms method
i. Pros
ii. Cons
b. Suggested Method
i. Clarification
1. Pros
2. Cons
8. How the Job description aids in candidate selection
a. Job functions
b. Candidate requirements
c. Avoiding Discrimination
i. ADA
ii. ADEA
iii. EEOC
9. Compensation structure
a. Whats working
b. Suggestions to improve
10. Conclusion
11. References