Case Study: Getting and Using Compensation Information

Case Study: Getting and using Compensation Information

Keller Graduate School of Management

1. Which jobs are paid more or less? Is this what you would have expected? Why or why not? What factors could explain the differences in the salaries?

According to the selected field such as accountant depending to the experience and roles and responsibilities some jobs offered excellent perks with bonus as well as certain additional benefits such as car, house, drivers etc. this happens because of the nature of the role or profile of the specific position. At the same time I have found some positions, which are relatively, less in terms of compensation this is purely because of experience of the candidate and other roles and responsibilities asked to perform by the professional. During my search activity I have expected the same result which according to the industry is well informed since this is the basic factor and function of the HR Department to evaluate the roles and requirement of the particular position and accordingly offered the right remuneration for the particular position currently to be required filled with right and deserving candidate. Again the salary depends on the skills required for the particular position like for example a normal taxation accountant will not get the benefits as a CA would enjoy. The basic pay objectives include efficiency, fairness, and compliance with laws and regulations. Objectives shape the design of the pay system and serve as the standard against which the success of the pay system is evaluated (Milkovick, Newman & Gerhart 2009).

2. Do the jobs have different bonuses as a percentage of their base salaries? Why or why not? What could explain these differences?

Yes various jobs have different bonuses and percentage of their base salaries. This is because of the simple reason that a specific job or position is required specific skills and according to the requirement of the job if professional is also needs to have...