Pay Comparison Exercise Case Study
Wage Comparison Exercise
1. What is the relevant labor market for these jobs? How big are the differences between salaries in different locations?
2. For each job, compare the median salary to the low and high averages. How much variation exists? What factors might explain this variation in pay rates for the same job?
3. Look for a description of how these salary data are developed. Do you think it provides enough information? Why or why not? Discuss some of the factors that might impair the accuracy of these data. What are the implications of using inaccurate salary data for individuals or companies?
4. With this information available for free, why would you bother with consultant’s surveys?
5. If you were a manager, how would you justify paying one of your employees either higher or lower than the results shown on this Web site?
| |25% |Median Salary |75% |Bonus |
|Project Manager |55,697 |65,689 |76,571 |2.2% |
|Human Resource Assistant |30,877 |34,994 |39,433 |0.7% |
|International Human …show more content…
Provides support in functional areas of a human resources department, which may include recruitment and employment, personnel records, employee and/or labor relations, job evaluation, compensation management, benefits administration, organization development and training. May require an associate's degree or its equivalent with 0-2 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Typically reports to a supervisor or
1. What is the relevant labor market for these jobs? How big are the differences between salaries in different locations?
2. For each job, compare the median salary to the low and high averages. How much variation exists? What factors might explain this variation in pay rates for the same job?
3. Look for a description of how these salary data are developed. Do you think it provides enough information? Why or why not? Discuss some of the factors that might impair the accuracy of these data. What are the implications of using inaccurate salary data for individuals or companies?
4. With this information available for free, why would you bother with consultant’s surveys?
5. If you were a manager, how would you justify paying one of your employees either higher or lower than the results shown on this Web site?
| |25% |Median Salary |75% |Bonus |
|Project Manager |55,697 |65,689 |76,571 |2.2% |
|Human Resource Assistant |30,877 |34,994 |39,433 |0.7% |
|International Human …show more content…
Provides support in functional areas of a human resources department, which may include recruitment and employment, personnel records, employee and/or labor relations, job evaluation, compensation management, benefits administration, organization development and training. May require an associate's degree or its equivalent with 0-2 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Typically reports to a supervisor or