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Assignment 6 – Overall Instruction 1 Assignment 6: Pay Structure Design (60 points) Due: by 11:59 pm, Sunday, June 30th, 2019 * No assignments will be accepted late without written documentation of an unavoidable or unforeseeable event. Why this assignment? This assignment is intended to achieve the goal of our Module 7 learning objective, “Construct a job- based pay structure using the point system.” This assignment supports Course Objectives 1 and 2. Instruction In this assignment, you will be designing a job-based pay structure using the point system. To do this, you’ll first need to watch the video Designing a pay structure in Module 7. This video will be the only example given out for this assignment. All the information you need to do this assignment is in this video. And all the information that you need to plot the data and to conduct a simple linear regression analysis is in the video Simple linear regression refresher in Module 6. You have also done Assignment 5: Simple Linear Regression Refresher for this. To do this assignment, you’ll need to use the job evaluation results from Assignment 3: Job Evaluation. Based on the job evaluation points that you have decided for the four jobs (Accounting Clerk, Manager in Financial Accounting, Manager in Corporate Social Responsibility Accounting, and Department Head in Financial Accounting), complete the following five steps. Since this process is being continued based on the results in Assignment 3, I’ll denote the first step here as Step 6. The last step in Assignment 3 was Step 5. If you did not have the job evaluation points decided in Assignment 3, just decide on points for each job that you think is appropriate (higher points for jobs that you think are more important and lower points for jobs that you think are less important). But in this case, you need to clearly indicate the job evaluation points for the four jobs at the beginning of your assignment. Step 6. Construct a market pay line. Three jobs, Accounting Clerk, Manager in Financial Accounting, and Department Head in Financial Accounting are benchmark jobs. Pay survey data of these three jobs is shown in Appendix 1. Use the Excel software to compute the simple linear regression equation. If you have forgotten how to do this, re-visit the video Simple linear regression refresher in Module 6 or Assignment 5 (Simple linear regression refresher). Please see the attached Excel file for how the data should be arranged to run the simple linear regression equation. (20 points) Step 7. Construct your organization’s pay line considering your external competitiveness. (For example, you can decide to pay 10% above the market pay level and construct your pay line accordingly.) Justify your decision in constructing your organization’s pay line. (10 points) Step 8. Based on your organization’s pay line, calculate the standard pay amounts for the four jobs (don’t forget the Manager i ...
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On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
Pooja Bhuva
A short exhibit showcasing three concepts from sociology.
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
jbellavia9
This ppt is useful for B.Ed., M.Ed., M.A. (Education) and Ph.D. students.
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
Dr. Sarita Anand
https://app.box.com/s/x7vf0j7xaxl2hlczxm3ny497y4yto33i
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
Nguyen Thanh Tu Collection
While single melodic lines are simpler and more straightforward, they still allow for creativity and emotional expression. Meanwhile, the simultaneous occurrence of multiple melodic lines can create a more intricate and complex musical structure that challenges the listener's ear and engages their attention.
Single or Multiple melodic lines structure
Single or Multiple melodic lines structure
dhanjurrannsibayan2
38 K-12 educators from North Carolina public schools
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
Mebane Rash
Foster students' wonder and curiosity about infinity. The "mathematical concepts of the infinite can do much to engage and propel our thinking about God” Bradley & Howell, p. 56.
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
christianmathematics
Meaning of Emotional intelligence, Dimension of Emotional Intelligence- Selfawareness, self-motivation, empathy, Social Skills, Mayer &Saloveys(1997) Cognitive model of EI, Golemans (1995) model of EI B. Spiritual intelligence, Methods to learn & develop spiritual Intelligence- Meditation, Detached Observation, Reflection, Connecting, Practice
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Dr Vijay Vishwakarma
Basic Civil Engineering notes first year Notes Building notes Selection of site for Building Layout of a Building What is Burjis, Mutam Building Bye laws Basic Concept of sunlight ventilation in building National Building Code of India Set back or building line Types of Buildings Floor Space Index (F.S.I) Institutional Vs Educational Building Components & function Sills, Lintels, Cantilever Doors, Windows and Ventilators Types of Foundation AND THEIR USES Plinth Area Shallow and Deep Foundation Super Built-up & carpet area Floor Area Ratio (F.A.R) RCC Reinforced Cement Concrete RCC VS PCC
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Denish Jangid
This presentation is from the Paper 210A: Research Project Writing: Dissertation Writing and I choose the topic Beyond Borders: Understanding Anime and Manga Fandom: A Comprehensive Audience Analysis.
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Pooja Bhuva
General Principles of Intellectual Property: Concepts of Intellectual Property (IP), Intellectual Property Protection (IPP), Intellectual Property Rights (IPR);
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
Poonam Aher Patil
Wizards are very useful for creating a good user experience. In all businesses, interactive sessions are most beneficial. To improve the user experience, wizards in Odoo provide an interactive session. For creating wizards, we can use transient models or abstract models. This gives features of a model class except the data storing. Transient and abstract models have permanent database persistence. For them, database tables are made, and the records in such tables are kept until they are specifically erased.
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
Celine George
For more information about my speaking and training work, visit: https://www.pookyknightsmith.com/speaking/
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
Pooky Knightsmith
This presentation is from the Paper 207: Contemporary Literature in English, Unit 1: Amitav Ghosh’s Gun Island (2019) and I choose the topic Exploring Existential Depths: Susan Macleod's Journey and the Philosophical Realm.
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Pooja Bhuva
ICT Role in 21st Century Education & its Challenges •This presentation gives an overall view of education in 21st century and how it is facilitated by the integration of ICT. •It also gives a detailed explanation of the challenges faced in ICT-based education and further elaborates the strategies that can help in overcoming the challenges.
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
AreebaZafar22
Wednesday 20 March 2024, 09:30-15:30.
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
Jisc
Numerical on HEV
Application orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
RamjanShidvankar
Pie
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
Wednesday 20 March 2024, 09:30-15:30.
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
Jisc
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REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
Single or Multiple melodic lines structure
Single or Multiple melodic lines structure
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
Application orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
Income and debt feb 21
1.
Group Problem You have 10 minutes to come up with an answer to this problem. You may work in groups of 3 or 4. Raj has to make a decision on how he would like to be paid. The company has given him a choice. The first choice is a 6% commission on any sales he makes, the second choice is a base salary of $300.00 and a 2% commmission for any sales over $4000.00. a) If he sells $5000.00 what will his net pay be for both methods of pay? b) If he sells $10,000.00 what will his net pay be for both methods? c) Which way do you think he should be paid? Give reasons. d) List things he need to consider when he makes his choice.
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2.
Straight Piecework When an employee is paid the same amount for each piece, part, or unit that he or she makes, this method of payment is referred to as straight piecework. Consider the following example.
2
3.
Example 1 DJ packages condiments for the fastfood industry. She earns $0.08 for each package she assembles. If she assembles 4560 packages during a week and 24 of them do not pass inspection, calculate her gross income for the week.
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4.
Differential Piecework Employers can also pay employees based on a differential piecework schedule. An employee is paid on a scale,where the amount earned per piece increases as they produce more work. This encourages employees to work quickly and accuratly. The employee is only paid for accepted pieces.
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Example two
Ray Light assembles lamps. He works on a differential piecework schedule. One week Ray produces 274 lamps. Of these, all but 16 of them pass inspection. 1. Calculate Ray’s gross wages for the week using the scale below. 5
6.
Assignment Read page 22 24 Page 25 questions 3,4,6,7,9, 11 One of these questions will be a handin assignment
for tomorrow's class 6
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