Explore BrainMass
Share

Trends in Compensation Planning

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Using external resources to gauge compensation levels may result in more equitable compensation planning. Assess how you would integrate the data from the PayScale Website or similar sites into your compensation planning. Specifically, indicate three measures to ensure that your compensation scale is competitive. (show you pay scale).

© BrainMass Inc. brainmass.com March 22, 2019, 3:12 am ad1c9bdddf
https://brainmass.com/business/compensation-strategies/trends-compensation-planning-604712

Solution Preview

Trends in Compensation

-Using external resources to gauge compensation levels may result in more equitable compensation planning. Assess how you would integrate the data from the PayScale Website or similar sites into your compensation planning. Specifically, indicate three measures to ensure that your compensation scale is competitive. (Show you pay scale).

Try and think external resources as data management tools for performing on a level that promotes synergy across the platform in compensation employees. In most cases, the external resources entail data banks on job positions within the industry and / or previously historical trending on particular job tasks. Thus, the PayScale relates to the usability in data from sources trending on job positions of tasks that correlate to current marketplace industry. For instance, in case example of mortgage lending, the closer or modification closer will ...

Solution Summary

The solution of 566 words discusses the trends in Compensation for human resource personnel in determining salary or wage.

$2.19