Calculate the weighted means of base pay for each of the following benchmark jobs: administrative assistant, operations analyst, production worker, and benefits managers from the six companies listed in Appendix B of the final project case study.

5-2 Milestone Two – Total Rewards

In this assignment, you will address the external competitiveness component of a pay structure using the specifically designed case scenario. Read the Final Project Case Study (linked to in your course) for detailed information on the requirements for this project.
Specifically, you’ll need to address the critical elements listed below.

External Competitiveness:

A. Calculate the weighted means of base pay for each of the following benchmark jobs: administrative assistant, operations analyst, production worker, and benefits managers from the six companies listed in Appendix B of the final project case study.
B. Calculate the predicted base pay for each of the following benchmark jobs: administrative assistant, operations analyst, production worker, and benefits manager.
C. Create a market pay line using the following benchmark jobs: administrative assistant, operations analyst, production worker, and benefits manager.
Make sure to label your job evaluation points and salaries clearly.
D. Calculate the adjusted pay rates for each benchmark job based on your company’s decision to lead in base pay by 3%.
E. Create pay grades by combining benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined any benchmark jobs to form a grade.1

F. Create pay ranges including minimum and maximum for each of the pay grades based on pay grades created in item E above.