XYZCompanyMarketCompetitivenessAnalysis:SeniorManagementPresentationDecember30,2003Preparedby:JenniferC.
Loftus,SPHR,CCP,CBP,GRPNationalDirectorJasonMitchellStatisticalAnalystOriginalProjectCharterAssistXYZCompanyintheanalysisofallpositionstodeterminetheorganization'scompetitiveposition.
Developmarketbasedpayrangesforthepositions.
Ifwarranted,recommendpotentialrealignmentwiththemarket.
MarketPricingMethodologySelectionofMarketDataNinecompensationsurveyswereselectedforuseinthemarketanalysis.
Atotalofthirty-sevenpositionswerereviewedandcomparedtothemarket.
Jobmatchesweremadebasedoncomparabilityofdutiesandrequirements,notjobtitles.
SalarysurveydataforNewYorkCitywereselectedasafirstpriorityforuse.
Iflocaldatawerenotavailable,nationalnot-for-profitsalarysurveydatawereutilizedandfactoredfortheNewYorkCityarea.
ThegeographicwagefactorforNewYork,NYis119.
0%ofthenationalaverage.
Wagedifferentialsaresimilarto,butnotthesameas,costoflivingdifferentials.
Forexample,ifapersonearns$20,000inTulsa,OK(100%ofthenationalaverage),anequivalentwageinNewYorkCitywouldbe$23,800(119.
0%ofthenationalaverage).
Allsurveydatawereagedto1/1/04usingaprorated4%annualfigure.
Comparisonsarebasedonthe50thand75thpercentilesoftheaveragebasepayreported.
SurveyDataSources2003Abbott-LangerCompensationinNonprofitOrganizations2003BLRNortheast/Middle-AtlanticSurveyofExemptCompensation2003BLRNewYorkSurveyofNonexemptCompensation2003CompDataSurveysCompensationDataNewYork2003/2004WatsonWyattECSGeographicReportonAccounting&FinancePersonnelCompensation2003/2004WatsonWyattECSGeographicReportonHumanResourcesPersonnelCompensation2003/2004WatsonWyattECSGeographicReportonOfficePersonnelCompensation2003/2004WatsonWyattECSIndustryReportonTopManagementCompensation2003MercerMetropolitanBenchmarkCompensationSurveyResultsoftheBasePayMarketPricingProcessImportantConsiderationsWhenReviewingMarketPricingResultsTitlesfallingbetween-10%and10%ofmarketaveragearegenerallyconsideredtobemarketcompetitive.
Generally,XYZCompanystrivestobe"marketcompetitive"withbasepay.
"Marketcompetitive"tendstoequatetothe50thpercentile(P50)ofthemarket.
P50meansthatinthesalarysurveydataforaspecificjob,onehalfoftherespondentspaybelowtheP50rate.
OnehalfoftherespondentspayabovetheP50rate.
Marketdatadonottakeintoconsiderationyearsofexperienceofreportedincumbentsinthepositionortheirjobperformance.
Organizationswithhighorlowturnovermayappearoffofthemarketduetolengthofservicedifferencesfromsurveyparticipants.
PercentileExample$70,000$75,000$80,000isthe25thpercentile(averageof$85,000and$75,000)$85,000$86,000$89,000$94,000isthe50thpercentile(averageof$99,000and$89,000)$99,000$100,000isthe75thpercentile(averageof$100,000and$100,000)$100,000$100,000$150,000$200,000PercentileDataPointsResultsofMarketPricingProcess50thPercentileBaseSalaryDataBasedonacomparisonofXYZCompanyaveragesalariesand50thpercentileblendedmarketaveragedataResultsofMarketPricingProcess75thPercentileBaseSalaryDataBasedonacomparisonofXYZCompanyaveragesalariesand75thpercentileblendedmarketaveragedataConclusionsBasedontheMarketPricingProcessConclusions–BasePayMarketCompetitivenessOnaverage,whencurrentaveragesalariesarecomparedtoP50averagepaymarketdata,XYZCompany'saveragesalariesfallatthemarket.
2.
3%abovethemarketOnaverage,whencurrentaveragesalariesarecomparedtoP75averagepaymarketdata,XYZCompany'saveragesalariesfallbelowthemarket.
15.
0%belowthemarketProposedMarketBasedSalaryRangesDevelopedFromMarketPricingResultsDevelopmentofMarketBasedPayRangesThejobtitlesunderreviewwerebrokenintofourfamilieswithsimilarworkduties,recruitmentmarkettrends,andpaymarkettrends.
AdministrationClericalClientServicesManagementTopsevenexecutives–notpartoftoday'sdiscussionWithineachfamily,thepositions'P75marketdataweresortedfromhightolow.
Approximate15%breaksbetweenmarketlevelsweremadetocreateagrade.
TheaveragemarketP75rateofpaywithineachgradewasusedasthemidpointofthesalaryrange.
WhencurrentXYZCompanypayrangeminimumswerehigherthantheprevailingmarketrate,thecurrentXYZCompanyrangeminimumwasusedasthesalaryrangeminimum.
PayRangeSpreadsRangeminimumsandmaximumswereconstructedaroundeachmidpoint.
Rangespreadisthedistancebetweentherangeminimumandtherangemaximum.
IntheproposedXYZCompanyranges,therangespreadfortheAdministrativeandClientServicespositionsis50%.
IntheproposedXYZCompanyranges,therangespreadfortheClericalpositionsis30%.
Atypicalrangespreadof50%allowsforflexibilityinplacingemployeesintherangeandfutureroomforgrowth,whilecontrollingpayrollcosts.
SampleSalaryRange(50%RangeSpread)Minimum(StartofQ1)StartofQ2Midpoint(StartofQ3)StartofQ4RangeMaximum$10.
00$15.
00$12.
50$11.
25$13.
75GeneralAnatomyofaSalaryRangeGenerally,thetargetzoneforseasoned,consistentlysatisfactoryperformers,orneweremployeeswith"hot"technicalskillsorauniquelyimpactfulrole.
MinimumMidpointMaximumGenerally,thetargetzoneforemployeesrelativelynewinthisposition(lessthan5years),orlongerserviceemployeeswithsomeperformancedeficiencies.
Generally,thetargetzoneforseasonedoutstandingperformersorselectedindividualswho,becauseof"hot"technicalskillsorauniquelyimpactfulrole,needtobepaidatorabovemarketaverageinordertoattractand/orretain.
ImportantConsiderationsWhenReviewingMarketBasedPayRangesTheproposedrangesdonottakeintoconsiderationanyincentivecompensation,benefits,orperksincumbentsinthepositionsmayreceive.
Placementintherangeisdependentonanumberoffactors,uniquelyweightedbyeachorganization.
PerformanceLengthofservicewiththeorganizationInthesameorsimilarpositionsInadifferentpositionPriorexperienceinsimilarpositionsatotherorganizationsImportantConsiderationsWhenReviewingCostImplicationsofMarketBasedPayRangesThreecostlevelshavebeenprovidedforeachfamily.
BringtominimumonlyThecosttobringeachemployee'spay,ifnecessary,totheminimumofthenewrange.
ThisistheminimumcostXYZCompanywillincurtoimplementthenewranges.
Placementintherangeassuminga10yearstomidpointscenarioThecosttobringeachemployee'spay,ifnecessary,toapointintherange,assumingittakes10yearstobringeachemployee'spaytothemidpointoftherange.
Placementintherangeassuminga5yearstomidpointscenarioThecosttobringeachemployee'spay,ifnecessary,toapointintherange,assumingittakes5yearstobringeachemployee'spaytothemidpointoftherange.
SamplePlacementintheSalaryRange:Employeewith5yearsexperiencePlacementunderbringtominimumscenarioPlacementunder10yearstomidpointscenarioPlacementunder5yearstomidpointscenario$10.
00$15.
00$12.
50$11.
25$13.
75CostImplicationsoftheProposedMarketBasedPayRangesBringtominimumonlySeventy-sevenof166currentemployees'paywillrequirebringtominimumadjustments.
Assumingcurrentpayrolllevels,thisapproachwouldcostanadditional$205,859,oranincreaseof2.
9%ofthecurrentpayrollof$7,020,238.
Placementintherangeassuminga10yearstomidpointscenarioOnehundredforty-twoof166currentemployees'paywillrequireadjustments.
Assumingcurrentpayrolllevels,thisapproachwouldcostanadditional$426,502,oranincreaseof6.
1%ofthecurrentpayrollof$7,020,238.
Placementintherangeassuminga5yearstomidpointscenarioOnehundredfiftyof166currentemployees'paywouldrequireadjustments.
Assumingcurrentpayrolllevels,thisapproachwouldcostanadditional$734,856,oranincreaseof10.
5%ofthecurrentpayrollof$7,020,238.
LookingAhead:BasePayRecommendationsRecommendationsXYZCompanyshouldreviewtheproposedcoststodetermineifsuchaprogramisfiscallyresponsible.
Ifcurrentfiscalconcernsprecludeimplementingtherangesintheirentirety,aphased-inapproachovertwoyearsmaybeadvisable.
Iffiscallypossible,bringtheincumbents'basepayatleasttotheminimumoftherange.
XYZCompanymaywanttoconsidertheuseofvariableincentivestoprovideadditionalcompensationopportunitiestoemployeeswithoutaddingfixedsalarycoststoorganizationalbudgets.
企鹅小屋:垃圾服务商有跑路风险!企鹅不允许你二次工单的,二次提交工单直接关服务器,再严重就封号,意思是你提交工单要小心,别因为提交工单被干了账号!前段时间,就有站长说企鹅小屋要跑路了,站长不太相信,本站平台已经为企鹅小屋推荐了几千元的业绩,CPS返利达182.67CNY。然后,站长通过企鹅小屋后台申请提现,提现申请至今已经有20几天,企鹅小屋也没有转账。然后,搞笑的一幕出现了:平台账号登录不上提示...
轻云互联成立于2018年的国人商家,广州轻云互联网络科技有限公司旗下品牌,主要从事VPS、虚拟主机等云计算产品业务,适合建站、新手上车的值得选择,香港三网直连(电信CN2GIA联通移动CN2直连);美国圣何塞(回程三网CN2GIA)线路,所有产品均采用KVM虚拟技术架构,高效售后保障,稳定多年,高性能可用,网络优质,为您的业务保驾护航。官方网站:点击进入广州轻云网络科技有限公司活动规则:用户购买任...
virmach送来了夏季促销,价格低到爆炸,而且在低价的基础上还搞首年8折,也就是说VPS低至7.2美元/年。不过,这里有一点要说明:你所购买的当前的VPS将会在09/30/2021 ~ 04/30/2022进行服务器转移,而且IP还会改变,当前的Intel平台会换成AMD平台,机房也会变动(目前来看以后会从colocrossing切换到INAP和Psychz),采取的是就近原则,原来的水牛城可能...
xyz为你推荐
qq空间首页QQ空间主页怎么弄?绝地求生加速器哪个好绝地求生的加速器哪个好用?网页传奇哪个好玩近有什么好玩的网页传奇介绍么手机炒股软件哪个好免费手机炒股软件哪个好?云盘哪个好免费的网盘哪个好用啊?qq空间登录网站QQ空间打开需要输入用户名和密码,下面是正在连接一个网址和领域网址如何增加百度收录如何提高百度的收录数量dns服务器有什么用DNS服务器是什么,有什么作用。360云盘360云盘是什么?360云盘36t现在360云盘不能免费领取36T了吗?活动到期了?怎么领取更多空间?详细步骤和地址。
高防直连vps 淘宝抢红包攻略 仿牌空间 vmsnap3 便宜建站 512m 国外代理服务器地址 国外代理服务器软件 佛山高防服务器 香港新世界中心 华为k3 512内存 shuangcheng web是什么意思 symantec 中国域名根服务器 tracert ddos防火墙 免费空间申请 灵动鬼影实录 更多