Create a pay structure for all positions in your organization as presented on your original org. chart from Part 1.
Conduct market research in your businesses’ labour market/industry/competitors to determine the appropriate pay range for your key position. Make sure you identify your market research sources, (key organizations, job titles, salaries and NOC codes as appropriate) and provide the market data you gathered.
For your key position, Identify the wage/salary you have decided to pay and justify/explain it using the market data you gathered.
Next, using your key position as the benchmark position, create a pay structure for all positions in your organization, using Pay Bands and Pay Ranges.
For full marks, be sure to complete all of the following:
Create a Grade Structure and plot your positions into the structure accordingly;
Create Pay Bands;
Complete market research as required in the instructions above;
Determine the Grade and Pay Range and specific wage of your key position;
Determine the Grade and Pay Range for all other positions in your org chart.
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