developing a compensation plan 1

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  1. Task: Design a Compensation System.
  2. Follow up: Complete these six steps to develop your compensation system. The regression analysis can be done in Excel, or some other appropriate software (SPSS, etc.).
    1. Get a sample of jobs in a job family
    2. Analyze those jobs for their relevant KSABs
    3. Score those jobs appropriately.
    4. Regress the scores against salary data.
    5. Write an analysis of your results.
    6. Conclusion
  3. Resources to assist you: Data can be found from O-Net. Example: Job Description, salary data, or students referred as a source for job family information.

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