Hr590 Compensation Decisions Essay - 1161 Words

HR590: Compensation Decisions Your job now is to pull together all the information you’ve completed so far in class and make salary decisions for your team. You have completed Cathy’s evaluation and received assignment feedback. This is the first year that you’ve made salary decisions for this team. Be sure to carefully review the information provided. You may simply type in the cells as the text will automatically wrap. You are required to: 1. Enter Cathy’s appraisal rating (she is last on the list); 2. Within your budget dollars, make your salary decisions based on performance for your team taking into consideration their Salary Grade and the Pay Ranges identified for the Salary Grades (fill in the Salary Decision†¦show more content†¦Alice is a good worker. She has a lot of potential, which netted her the higher rating. She needs some more skills and experience at this level though. | A4 | $22,500 | 80.4% | 3 | $1,350 | $800 | Substantiation and Risk Analysis: Aliceà ¢â‚¬â„¢s potential warrants her a salary and bonus for this year. She is fairly new at the rating but we are hoping that this quick boost allows her to focus on working to better her skills. | Calvin, 28YO black male with 9 months service. Calvin is a real go getter. He hasn’t been with the company long enough to earn a higher rating, but his work is outstanding, high skill set and is looking to stay with our company for a career. | A4 | $26,500 | 94.6% | 4 | $1,000 | $1,000 | Substantiation and Risk Analysis: Calvin’s high skill set and loyalty are being rewarded. He has a short term of service but the bonus and raise should help to keep him motivated. | Jane is a 32YO white female with 12 years’ service. Jane joined the company as an A3. Her work is satisfactory, nothing to brag about, but she’s been with the company awhile and can be dependable. | A3 | $19,100 | 86.8% | 3 | $500 | $300 | Substantiation and Risk Analysis: Jane was given a $500 rai se for her satisfactory work and a $300 bonus. These benefits are more of a reward for tenure rather than performance. We want to ensure that Jane wants to improve as that would be beneficial for her and the company. We hope this serves as motivation. | Beth is aShow MoreRelatedHuman Resource Management : Literature Review1719 Words   |  7 Pages Week 7 Literature review HR590 Human Resource Management Literature Review - Introduction In the intensely competitive and global environments that companies of today operate in, it is very critical that a company is able to attract and select employees with the right talents and also is able to ensure that they have the skills, knowledge and abilities for effectively doing the job they have been hired for. It is essential to invest time and effort in a recruitment process to