Corporate goals and strategy
Human resource strategy
4 Case I
Method of job evaluation
Selection of compensable factors
Definitions of compensable factors
Unexpected or unusual findings
Standard error of estimate
12 Case II
Description of competitive pay policy
Explanation of choice of survey statistic
Analysis of Wage Structure & Unique Features
15 Case III
Individual pay policy
Policy for line managers
Explanation of policy for adjusting individual salaries
17 through merit increases
Explanation of any disparities between calculated salaries and
17 established pay range
Explanation of individual adjustments to minimum
Explanation of individual adjustment after merit increase
Qwerty Instruments Company is a large manufacturer of state-of-the-art PDAs. Its product line is geared towards providing the marketplace with proprietary software that uses the PDA environment. Over the past fifteen years, the company has grown from twenty to nearly three thousands employees. The company business strategy is one of continued expansion through internal growth by focusing on product quality and value.
The mission of Qwerty Instruments is to produce and manufacture award-winning PDA hardware and software through the research and development of innovative system/products that exceed the marketplace expectation regarding quality and value.
Corporate Goals and Objectives
Our corporate goals and objectives are to increase our market share and to continuously expand through internal growth with the following implementations: 1.
Developing and manufacturing products in a fiscally responsible manner and achieving business objectives by way of pursuing targeted cost-effective expansion. 2.
Creating a performance-based work environment among our workforce through continued investment in our human assets in order to develop and create products that are cutting edge and add to the company's intellectual property. 3.
Applying high quality HR practices within our organization in the area of talent management, leadership development, succession planning, performance management, training and development, and compensation/benefits that support Qwerty mission statements of developing innovated system products and business strategy of continued expansion through internal growth. 4.
Remaining competitive in recruiting, hiring, and retaining top-notch employees by having a quality total remuneration package. 5.
Increasing market share in PDA hardware and software through the development and manufacturing of high quality product and the pursuit of service excellence. Human Resource Strategy
The purpose of Qwerty Instrument Human Resources Strategy is to align our HR functions (Recruiting, Staffing, Compensation, Benefits, Training and Development, etc.), policies and procedures to our business strategy of continued market share expansion through internal growth. 1.
Build the reputation as an "employer-of-choice" among current and future employees. Human resource practices and procedures are to be geared towards attaining and maintaining "employer-of-choice" status as a primary approach to achieving business objectives. 2.
Strategically invest in our human assets with the objective of developing a strong corporate culture that values workforce training and development. Such emphasis will give us a competitive advantage in terms of fostering employee loyalty,...
References: Bottos, Lena M. and Fusco, Christopher J. Competitive Pay Policy. www.salary.com/docs/resources/salarycom_wp_competitive_pay_philosophy.pdf
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