Task: Design a Compensation System.
Follow up: Complete these six steps to develop your compensation system. The regression analysis can be done in Excel, or some other appropriate software (SPSS, etc.).
Get a sample of jobs in a job family
Analyze those jobs for their relevant KSABs
Score those jobs appropriately.
Regress the scores against salary data.
Write an analysis of your results.
Conclusion
Resources to assist you: Data can be found from O-Net. Example: Job Description, salary data, or students referred as a source for job family information.
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