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Week 4 Preliminary Report for Compensation Plan Proposal

Week 4 Preliminary Report for Compensation Plan Proposal

Q Week 4: Preliminary Report for Compensation Plan Proposal You are the newly hired HR Manager for Columbus Custom Carpentry (CCC). Our CEO, Anthony Cooney, wants your first priority to be a review of the compensation structure for the company, focusing on the Warehouse and Manufacturing Departments. This requires that you meet with several key employees, identify specific problems, and propose specific changes to the compensation structure for these departments and jobs in each department, that will best solve those problems. You will be provided with: Employee Handbook Columbus Custom Carpentry Case Study Columbus Custom Carpentry Employee Spreadsheet Job Value Worksheet Current job descriptions Access to the company’s HRIS system containing important employee information, including current pay Access to key employees who will discuss what they think the problems are Using the template provided below, prepare a preliminary report that: a. Identifies the key issues to be addressed through modification of the current compensation structure. b. Conduct a job value analysis for internal compensation consistency. c. Outlines the steps you will take to gather and consider relevant external data. d. Gives a preliminary description of your recommended changes to compensation for the Warehouse and Manufacturing departments. Columbus Custom Carpentry - Preliminary Outline of Analysis Memo Template (forced copy) Assignment Rubric Submit by Day 7, 11:59pm ET. Review the Course Calendar for specific due dates for this assignment.

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Below is my preliminary outline revising our compensation system. I’ve identified the issues I believe can be resolve through modifications to the current pay system. The first step is to create an internally consistent pay system. I’ve included my job evaluation of all positions within the Manufacturing and Warehouse Departments. We will also need to gather external data to understand current market rates for similar positions. I have explained that process. Finally, I explain the 3 pay level policies our company may choose from (Market Lead, Market Lag and Market Match) and recommend a pay policy that best suits our company’s strategy.