Hrm Compensation and Benefits Plan
hrm 532 compensation and benefits plan
Compensation and Benefits Plan
HRM/531
Compensation and Benefits Plan for a Daycare Teacher
Compensation and benefits plans are a crucial part of any job or career. Without compensation or benefits, there is a lack of motivation for an employee to do their job and do it correctly. As an employer, it is important to decide upon a fair, competitive compensation and benefits plan because different jobs require different levels of education, experience, and tasks needed to complete. Learning Team B decided to look at a position as a daycare teacher. The team completed a job analysis in order to present an appropriate compensation and benefits plan for the position.
Job Analysis and Description: Daycare Teacher The purpose of a job analysis is to determine which skills are necessary and which requirements need to be met for a specific profession. In the case of a daycare teacher, the individual in charge of hiring at the center would benefit most from conducting a job analysis of the teachers on staff and deciding if further qualifications are desired or if those employed reflect the standard the center wishes to set in regards to child care. Details of the job that should be analyzed and reflected in the job description are an ability to work well with children, innate creativity, patience, and dedication to advancing the education of the pupils in their charge. Because the national average salary for daycare teachers is $27, 944 (Salary.com, 2011), any individual applying for the position must be willing to work for significantly less than the average national salary of $40, 711.61 (Social Security Online, 2009). Other requirements for a daycare teacher include either a Bachelor’s degree in Early Childhood Education or a teaching certificate from an accredited organization that qualifies the individual for work with pre-school
Compensation and Benefits Plan
HRM/531
Compensation and Benefits Plan for a Daycare Teacher
Compensation and benefits plans are a crucial part of any job or career. Without compensation or benefits, there is a lack of motivation for an employee to do their job and do it correctly. As an employer, it is important to decide upon a fair, competitive compensation and benefits plan because different jobs require different levels of education, experience, and tasks needed to complete. Learning Team B decided to look at a position as a daycare teacher. The team completed a job analysis in order to present an appropriate compensation and benefits plan for the position.
Job Analysis and Description: Daycare Teacher The purpose of a job analysis is to determine which skills are necessary and which requirements need to be met for a specific profession. In the case of a daycare teacher, the individual in charge of hiring at the center would benefit most from conducting a job analysis of the teachers on staff and deciding if further qualifications are desired or if those employed reflect the standard the center wishes to set in regards to child care. Details of the job that should be analyzed and reflected in the job description are an ability to work well with children, innate creativity, patience, and dedication to advancing the education of the pupils in their charge. Because the national average salary for daycare teachers is $27, 944 (Salary.com, 2011), any individual applying for the position must be willing to work for significantly less than the average national salary of $40, 711.61 (Social Security Online, 2009). Other requirements for a daycare teacher include either a Bachelor’s degree in Early Childhood Education or a teaching certificate from an accredited organization that qualifies the individual for work with pre-school
References: Adler, Andrea. 2009. HMOs Explained. Retrieved from: http://www.cbsnews.com/stories/2001/05/01/national/main288749.shtml ChildCare.net (2011) Collyer, Hillary J. 2009. Are Single, Childless Workers Shortchanged by Benefits Plans? Virginia Employment Law Letter. Retrieved from: http://www.hrhero.com/hl/articles/2009/08/01/are-single-childless-workers-shortchanged-by-benefit-plans/ Gish, Will National Child Care Association, “The National Economic Impacts of the Child Care Sector,” National Child Care Association, 2002. http://www.nccanet.org/NCCA%20Impact%20Study.pdf. Obringer, Lee A. 2011. How Employee Compensation Works. Retrieved from: http://money.howstuffworks.com/benefits3.htm Salary.com. (2011). Day Care Center Teacher. Retrieved from Social Security Online. (2009). National Average Wage Index. Retrieved from http://www.ssa.gov/oact/cola/AWI.html. Society for Human Resource Management (2011). Retrieved from http://www.shrm.org/.