1. Design a compensation system for a hypothetical or real organization. 2. Outline the organizational objectives or organizational strategy. 3. Develop the organizational structure with at least 5 positions (Provide organizational chart) –Use Key/benchmark positions to determine the structure –Use salary data from Salary.com to establish the salaries (benchmark spreadsheet attached with formulas. Example questions are from a previous assignment, not required for this project) 4. 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. 5. Outline where the position would fall within your organization. 6. 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.
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