Hrm Compensation and Benefits Plan

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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 children (Salary.com, 2011). As the individual will be instructing the children in a classroom setting, he or she should be able to manage and maintain a classroom of young pupils while ensuring that they are, in fact, learning. Teachers must also be able to effectively communicate with parents through conferences and periodic reports (Salary.com, 2011). One of the most important requirements for daycare teachers, and anyone working in close proximity to children, is the ability to pass a background check (Salary.com, 2011). Once the individual has passed the background check, presented proof of educational qualifications, and effectively presented him or herself as an outgoing, positive personality, he or she is eligible to be hired (Salary.com, 2011). Compensations and Benefits Plan: Daycare Teacher

Compensation is a primary motivator for employees as it is payment to an employee in return for their contribution to the organization. The most common forms of compensation are wages, salaries, tips, and commissions. A secondary motivator is benefits, forms of value other than payment that are provided to the employee in return for their contribution (Kinne, Spring 2010). Daycare teachers are paid based largely on the setting in which they work. This is unlike other professions that compensate professionals based on their level of professional development and experience. If one’s salary, role, responsibilities, and experience are comparable to a public school teacher, they may be paid a salary. If not, their employer should pay them an hourly wage. Early education workforce studies conducted at both the county and statewide levels indicate that often daycare teachers are not paid according to their level of education or responsibility (National Child Care Association, 2002). Early care and education programs can provide a healthy, quality environment for children to learn. Creating a strong, stable learning environment for children requires...
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