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Monday, March 1, 2010

Feb 25th Class Reflection

In class today we went over chapter 11. This chapter was one of the most interesting for me because I am responsible for coming up with the pay for my entire department. I know how complicated of an issue it can be. Here are all of the sections that we discussed:
  1. Pay and all the facets surrounding it.
  2. Legal Requirements
  3. Market Forces
  4. Organizational Goals
  5. Pay Level, Job Structure, Pay Structure Decisions
One of the other important factors to consider is equity (fairness). There are many dimensions to this, you need to consider what is fair in the industry, area, and for the person.
After the discussion we had Jeff Weber come in and talk about pay and setting up a proper pay program.

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