Expert answer:Alabama A & M Liberty Enterprises Compensation & B

Solved by verified expert:I need my Compensation and Benefits homework done. I know you have to use excel and O^Net to calculate the answers. I will upload the direction to this assisgnment . You must also attached the spreadsheet showing your wage line graph to this assisgnment. This class is Human Resource Management
job_evaluation_exercise___liberty_enterprises.docx

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LIBERTY ENTERPRISES: JOB EVALUATION EXERCISE
Liberty Enterprises is a government contractor of specialized engineering products. Listed below
are 10 benchmark jobs and their point values derived from an internal job evaluation of positions
at Liberty Enterprises using the point method. You are going to construct a “wage line” based on
the job point values and market rates for the 10 jobs presented below.
Job
Job Points
Administrative Assistant
Technical Writer
Accountant
Information System Manager
Treasurer
Engineering Manager
Mechanical Engineer
Human Resource Manager
Financial Analyst
Purchasing Agent
160
370
410
930
850
900
460
525
430
350
(a) Use O*NET to identify the annual median market wage for each of the jobs. This will be the
Y-axis of your wage line graph.
(b) Using a total point range of 0-1600, establish 8 wage grades of 200 points each. Label the
wage grades W1, W2, etc., up to W8. This will be the X-axis of your wage line graph.
(c) Using Excel, SPSS, another statistical program, or calculation by hand, determine the
equation to construct a wage line representing the relationship between job points and annual
median market wage. Let “W” represent the median market wage and “P” represent the job
points. The wage line will be of the form W = aP + b where “a” is the slope of the wage line
and “b” is the constant (intercept of Y-axis).
(d) From their job points, identify the wage grades for the 10 jobs identified above. Then, slot
the following 5 jobs based on their point value. For each of the 5 jobs, (1) identify the wage
grade and (2) calculate the estimated median market wage using the wage line equation from
part (c).
Chief Financial Officer
Marketing Coordinator
Field Sales Representative
Director, Diversity & Change
Foreman
1250
270
650
840
450
(e) Complete and submit the next page to fulfill your assignment. Remember to also attach the
spreadsheet showing your wage line graph.
[NOTE: For information, O*NET annual median wages tend to be lower than those encountered in actual business
organizations. For actual market pricing data from a purchased survey from a reputable consulting firm would be
preferred. Such a survey will also reflect differences in industry, organizational size, location, etc.]
LIBERTY ENTERPRISES: JOB EVALUATION EXERCISE
Submitted by:
(a) Median Market Wages (from O*NET)
Job
Administrative Assistant
Technical Writer
Accountant
Information Systems Manager
Treasurer
Engineering Manager
Mechanical Engineer
Human Resource Manager
Financial Analyst
Purchasing Agent
Median Market Wage
(b) Wage Line Equation:
(c) Job Slotting Results
Job
Chief Financial Officer
Marketing Coordinator
Field Sales Representative
Director, Diversity & Change
Foreman
Wage Grade
Estimated Median Wage
NOTE: Remember to also attach your statistical analysis and/or spreadsheet
showing the wage line graph.
[NOTE: For information, O*NET annual median wages tend to be lower than those encountered in actual business
organizations. For actual market pricing data from a purchased survey from a reputable consulting firm would be
preferred. Such a survey will also reflect differences in industry, organizational size, location, etc.]

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