Compensation: Strategic Persp. HRA-562-MBOL1
Prepare a paper that presents the 5-step process for constructing a pay structure. The paper should present the steps in chronological order and explain the main objective of each step, as well as describe the key considerations of each. Use at least two recent articles (not older than 5 years) to inform your work in addition to the Martochhio textbook.
Step 1: Deciding on the Number of Pay Structures 182
Step 2: Determining a Market Pay Line 183
Step 3: Defining Pay Grades 183
Step 4: Calculating Pay Ranges for Each Pay Grade 183 Step
Step 5: Evaluating the Results 188