Pay Plans

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Pay Plans

• Dessler Chapter 11
• MIDTERM AND HRM INTERVENTION 1 WILL BE GIVEN BACK
  AT THE END OF CLASS TODAY

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Agenda 3/15/05

• Announcements
• Reminders
• Pay Plans
• Midterm

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Job/Internship Opportunities

• Please See Course Homepage
• Click on Career Opportunities for Information
  on 3 Possibilities

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Thursday (3/17/05)

• GROUP TIME
• No Regularly Scheduled Class
• Contact Me Via Email
• ENJOY YOUR SPRING BREAK!

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Reminders

• Performance Report 3 Due 3/18/05 Via Email
  Before 300 PM

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Pay Plans

• What Are Pay Plans?
• Terminology
• How and When Do Organizations Evaluate Pay Plans?
• Salary Surveys
• Job Evaluation
• Pay Grades
• Pay Ranges
• Why Organizations Evaluate Pay Plans?
• External and Internal Equity

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Terminology

• Compensation
• Direct and Indirect
• Exempt vs. Non-exempt
• (In)Equity
• Salary Compression

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How and When Organization Develop Pay Plans

• Conduct a Pay Survey
• Price Jobs and Rank Jobs According to Benchmark
  Jobs
• Job Evaluation
• Based Upon Compensable Factors Developed in Job
  Analysis and Ranking Those Jobs

• Classes and Grades
• Groups Based on Factors or by Pay
• Price the Job
• Linear
• Establish Pay Ranges
• Upper and Lower-bound Pay for Jobs in a Class or
  Grade
• Continual Updates

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Why Organizations Develop Pay Plans

• Compensation
• Attract, Motivate, and Retain Employees
• Fairness Issues
• Internal Equity
• External Equity
• Relative Depravation
• Bottom Line Concerns

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Modern Pay Plan Issues

• Executive Pay
• Normally Not Just Direct Pay
• Golden Parachutes
• Insurance Premiums
• STOCK OPTIONS
• What Does this Reward?

• Broadbanding
• Less Classes or Grades
• More Jobs in Classes and Grades
• Wider Pay Range
• Pay for the Skills not the Job Itself
• Balance Internal and External Equity

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Midterm

• Significant Difference Between Sections
• F(1,84) 4.69, p 0.03

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Midterm Exam 900 AM

• Descriptive Statistics
• Range 53 - 98 (22 41 Correct)
• SD 10.9 (4.6 Correct)
• Mean 71 (30 Correct)
• Median 71 (30 Correct)
• Mode 81 (34 Correct)
• Grade Distribution
• 2 As, 10 Bs, 14 Cs, 12 Ds, 8 F

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OBE 153-01 900 AM
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Midterm Exam 1030 AM

• Descriptive Statistics
• Range 45 - 98 (19 41 Correct)
• SD 10.8 (4.5 Correct)
• Mean 76 (32 Correct)
• Median 76 (32 Correct)
• Mode 83 (35 Correct)
• Grade Distribution
• 4 As, 13 Bs, 13 Cs, 7 Ds, 3 F

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OBE 153-02 1030 AM
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Midterm Grade Appeal

• Due Next Class (3/29/05)
• Visit www.csus.edu/indiv/w/wheelera or See
  Syllabus