Internally Consistent and Externally Competitive
Using fictional company; CapraTek’s division structure as well as online research, analyze and create an overview of an internally consistent and externally competitive compensation system for CapraTek’s administrative positions (details attached).
To complete this assignment, you will:
• Conduct a job analysis and job evaluation for CapraTek to ensure internal consistency.
• Analyze jobs and job classifications to understand how they work together and evaluate the impact of job classification systems on compensation.
• Conduct a strategic analysis, including internal and external considerations.
• Construct an action plan with recommendations for a market compensation survey. (You do not need to conduct a survey.)
• Develop an overview of an internally consistent and externally competitive compensation system for CapraTek.
• Validate your strategy as to why it is or is not an internally consistent and externally competitive compensation system.
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