Mathematics and Statistics

Paper instructions:
Pay Plan Using Dessler’s 5-Step Process

Instructions
Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Your Discussion Question responses should be both grammatically and mechanically correct and formatted in the same fashion as the questions themselves.You must appropriately cite all resources used in your responses and document them in a bibliography using APA style.

The Assignment
Imagine that you have a 3-employee office/apartment management company. They have all asked for increases in base pay. Maureen, 42, is a part-time business contracts manager and secretary; she gets $2200 a month. Buzz, 28, oversees building maintenance and rentals for the 4-story family-owned business office directly above your office. He also manages nine apartment buildings within the area. He gets $4,750 a month. Margaret, 36, handles legal matters and has responsibility for resolving all escalated tenant complaints as well as evictions. She earns $6,400 a month. Respond to the following. (30 points) (A 2-page response is required.)

1. Outline a formal pay plan for your three employees using Dessler’s 5-step process. In Step 2, Job Evaluation, use the ranking method to evaluate compensable factors.

2. Describe the five (5) methods Dessler presents to perform a job evaluation, highlighting the advantages of each method.

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