海氏薪酬標(biāo)桿英文版

Agenda? Introductions? ProjectObjectives? ProjectSteps? ProjectTimeline? Q&A? PositionInformationQuestionnaireAddendumAbouttheHayGroup? GlobalHumanResourcesManagement

ConsultingFirm? 2,000EmployeesWorldwide? 9,000ClientsinVariousIndustries? PartnerswithClientstoImplementHumanResources StrategieswhichAlignwithBusinessObjectives? LeaderinCompensationAssessmentandDesign ProjectObjectivesAssessNewJerseyInstituteofTechnology’scurrentpositionclassificationprogramandmakerecommendationstoensurethatitenablespayinanequitableandcompetitivemanner.NJIT’scurrentclassificationprogramhasnotbeenformallyreviewedinanumberofyears…concernshavedevelopedabout:comparabilityofrolesandjobvalueacrosstheorganization,turnoverincertainareas,andtheincreasingcomplexityofwork.ProjectObjectivesBenchmarksampleof80positions(bothalignedandnon-aligned)selectedtoencompassarepresentativesampleoftitlesandjoblevelsinthefollowingfunctionalareas:

FinanceandBudgetNorthJerseyTransportationPlanningAuthorityInformationTechnologyProjectObjectivesRecommendmodificationstothedesignofthecurrentprogramtoensurethatpaystructure:Reflectsjobvalueandcontribution

inaconsistentmethodologyAchievesdesiredandappropriately

competitivemarkettargetsNote:Therewillbenoreductionsinpayasadirectresultofthisstudynordoweanticipatewholesaleincreasesincompensationlevels.Step1:ConductEmployeeOrientationSessionsTwosessionstofamiliarizeNJITemployeeswiththeobjectivesandstepsintheprocess,answerquestionsanddistributepositioninformationquestionnaires.I:/GKN0524.pptStep2:ConductInterviewsInterviewswillbeconductedwiththedefinedareaDivisionHeadsandHumanResourcestounderstandNJIT’s:MissionandStrategiesJobRolesandChallengesCompensationPhilosophyandIssuesCurrentPayStructuresandProcessesStep2:ReviewandUpdateJobDocumentationClassificationandcorrespondingcompensationparametersshouldbelinkedtojobcontent-inordertofairly“size”thebenchmarkpositionsatNJIT: Employeeswillcompleteaposition informationquestionnairetoprovide currentinformationonjob accountabilities,requirementsand competencies. Managerswillreview,commenton andapprovethecompleted questionnaires.NewJerseyInstituteofTechnologyExpertiseNewJerseyInstituteofTechnologyPositionInformationQuestionnaireStep3:EvaluateJobsHaywilltrainacommitteecomprisedofNJITemployeesinHay’sproprietaryjobmeasurementmethodology.Committeememberswillincludeseniormanagementandselectrepresentativesfrom:? HumanResourcesNJITcurrentlyusesajobmeasurementapproachthatissimilartoHay’smethodology.Step3:EvaluateJobs(Cont’d)AsubsetoftheCommitteewillworkwithHaytoevaluatethebenchmarkpositionsoverafourdayperiod.Hay’sfacilitationwillensure:AnobjectiveprocessisappliedtoalljobsEvaluationsareconsistentwithexternalreferences andstandardsStep3:EvaluateJobs(Cont’’d)QualityControl…….TheCommittee’’sevaluationswillthenbereviewedwiththeDivisionHeadstoensurethattherelativeimportanceofjobshasaccuratelybeenreflected.Step3:EvaluateJobs(Cont’’d)Hay’’sMethodologyisthemostwidelyusedprocessintheworld:?Measuresjobstoreflecttheirrelativeweightintheorganization?Providesmeanstoassesspayacrossdifferentmarket/functions?Evaluatesjobsandnotpeople?Notbasedonperformance,title,writingskillsorcurrentsalaryHay’sJobEvaluationMethodologyvaluesalljobsagainstthreefactors:Know-HowProblemSolvingAccountabilityStep3:EvaluateJobs(Cont’’d)Know-How-thesumtotalofknowledge,howeveracquired,necessaryforcompetentjobperformance:TechnicalKnow-HowManagerialKnow-HowHumanRelationsSkillsStep3:EvaluateJobs(Cont’’d)ProblemSolving-theamountoforiginal,““self”starting””thinkingrequiredtoanalyze,evaluate,createandmakeconclusions:ThinkingEnvironmentThinkingChallengeStep3:EvaluateJobs(Cont’’d)Accountability-thelatitudetotakeactionandcommitresourcesandthemeasuredeffectofthejobontheorganization:FreedomtoActImpactonEndResultsMagnitude(MonetaryValueofImpact)Step3:EvaluateJobs(Cont’’d)Theresultofthejobevaluationprocessisarankingofpositionsfromtoptobottom:Step3:EvaluateJobs(Cont’’d)Step4:ConductInternalEquityAnalysisInternalconsistencyofpaylevelscanbeassessedbymatchingdollarstopoints:BaseSalaryPracticeInternalEquityAssessment$PointsStep5:ConductMarketPricingAnalysisNjit’’spaylevelswillthenbecomparedtoappropriatecompetitivemarketse.G.,Regionalcompanies,educationsector,notforprofits...AnnualDollars(000’s)ClientPoints140120100806040200024048072096090thPercentile75thPercentileABCPayPracticeAverage25thPercentile10thPercentileHaywillprepareafinalreportoffindingsandrecommendationsforNJITExecutivesandHumanResourcesthatwillcover:AssessmentofinternalequityResultsofmarketpricinganalysisAdjustmentstoclassificationand/orcompensationstructureCostofimplementingchangesImpactofchangesoncurrentprocessesandbargainingagreementsHaywillreviewtheresultsofthestudywithNJITHumanResourcesandDivisionHeadsfromtheBenchmarkgroups.Step6:PresentReportOnceNJIThashadtheopportunitytoreviewHay’sreport,NJITwillpresentasummaryofthefindingsandrecommen