In part one of this activity, you will first use your point factor job evaluation from the Unit 2 Individual Project to determine the salary grades and salary ranges of the 6 identified positions. In the second part, you will use the pay level data listed on the Salary Grades and Ranges chart and employment data published by the U.S. government to compare the average pay level nationwide to the average pay you assigned to these 6 positions. You will also analyze the differences and similarities between your data and the published data.
The positions you analyzed in the point factor job evaluation from the Unit 2 Individual Project were the following:
For each of those positions, identify and record the number of evaluation points that you assigned in the Unit 2 Individual Project.
Next, identify the grade to the belonging position according to the evaluation points you assigned for the following:
Grade 1 includes jobs with 9–15 job evaluation points.
Grade 2 includes jobs with 16–17 job evaluation points.
Grade 3 includes jobs with 18–19 job evaluation points.
Grade 4 includes jobs with 20–21 job evaluation points.
Grade 5 includes jobs with 22–23 job evaluation points.
Grade 6 includes jobs with 24–25 job evaluation points.
Grade 7 includes jobs with 26–27 job evaluation points.
Grade 8 includes jobs with 28 job evaluation points.
Grade 9 includes jobs with 29 job evaluation points.
Grade 10 includes jobs with 30 job evaluation points.
The Salary Grades and Ranges chart contains the salary ranges for each pay grade according to the data published by the U.S. government. Use this chart to identify and record the median salary range for each of the positions you analyzed.
The Salary Grades and Ranges chart is attached.
The U.S. Government publishes data on the national median salaries of all professions. Use the library and the Internet to find the national median salaries for the 6 jobs identified above. Compare the median salaries reported by the government to the median salaries you recorded in part one.
Explain your answers to the following questions:
Are your calculations of the median salaries from the 6 positions similar to the national median salaries and grades reported by the U.S. government?
If they are, what may this mean?
If they are not, what would this most likely mean, and what may be the cause of it?
Next, make an educated assumption about the method of pay for each of the 6 positions listed above: Do you think the method for each includes base pay only, commission, base plus bonus or incentive, exempt, hourly, or some other method? Describe your guesses for each of the 6 jobs.