Fastcat Phase 1

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Wage Determination & Administration

FASTCAT PHASE –I

Submitted by
Group 20 (HRM-B) Honeydeep Singh Sabharwal H11080 Neha Londhe H11092 Rahul Balyan H11103 Rahul Krishnan H11104 TwisamDatta H11116

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Executive Summary
We recommend an egalitarian, flexible internal structure to achieve objectives. A set of compensable factors are identified and weighted as per the strategy of the company. Special emphasis is on taking forward the core competency of FastCat which is providing superior quality software with high degree of customization and innovation. In order to do so, we have divided the jobs into four job families:     Support Technical Marketing and Sales Managerial

We propose a job-based plan with point system for the above mentioned job families. An additional person based approach Job Evaluation has been done for the technical department and enclosed as an appendix.

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Contents
Introduction ...................................................................................................................................... 4 Business Objectives ........................................................................................................................... 5 Compensation Objectives .................................................................................................................. 6 Strategy Map ..................................................................................................................................... 7 External Environmental Analysis ........................................................................................................ 8 Internal Environmental Analysis ........................................................................................................ 8 Job Evaluation ................................................................................................................................... 9 Compensable Factors .................................................................................................................... 9 Skills ............................................................................................................................................ 10 Efforts ......................................................................................................................................... 11 Responsibility .............................................................................................................................. 12 Rationale ......................................................................................................................................... 13 Job evaluation for various job families ............................................................................................. 15 Appendix 1 ...................................................................................................................................... 22

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Introduction
FastCat is a business-to-business software company whose products are considered as the best integrated e-business sales and marketing software systems in the market. Depending on the customer’s requirements the guided software makes recommendations, configures the products, generates price quotes, generates financing options and manages the entire ordering process. Many of the products of FastCat are ahead of its time. Currently, both revenue growth and productivity measured as a ratio of revenue to labour cost has declined. This led to a layoff of a tenth of its workforce for the first time in its history. The challenge before Ms Rosetta Stone, the newly hired CEO was to get FastCat back on its growth path with the support of its talented and trained employees. The business leaders face a challenge to address the business objectives with the adverse environmental factors and employee motivation. The most important factors for FastCat are customer expectations, innovative products and valuing...
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