■Design a compensation (salary + benefits = compensation) system for a hypothetical organization
■Develop the organizational structure with at least 5 positions (Provide organizational chart)
–Use Key/benchmark positions to determine the structure (see attached spreadsheet as a sample of benchmarking….do not use data within sample)
–Use salary data from Salary.com to establish the salaries for benchmark positions
– Spreadsheet needs to incorporated as a table or annex in paper
■Outline the organizational objectives or the organizational strategy
■Analyze one position in the organization using the Bureau of Labor Statistics-National Compensation Survey: Guide for Evaluating Your Firm’s Jobs and Pay https://www.bls.gov/ncs/ocs/sp/ncbr0004.pdf (Links to an external site.)
• or Analyze one position in the organization using the OPM Introduction to Position Classification Standards
■Outline where the position would fall within your organization
■Discuss the compensation strategy in terms of Pay for Performance, Expectancy Theory, Tournament Theory, or any other motivational theory of performance covered during the course