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st 25th Weekly Pay Average $400 $400 $370 $380 $330 50th 75th $500 $450 $425 $390 $350 $650 $550 $475 $430 $400 $495 $455 $423 $394 $343 Benchmark Jobs 169。 2020 by Prentice Hall 1019 Drawbacks of Jobbased Compensation Programs ? Jobbased pensation plans do not take into account the nature of the business and its unique problems. ? The process of establishing jobbased pensation plans is much more subjective and arbitrary than its proponents suggest. ? Jobbased systems are less appropriate at higher levels of an anization. ? As the economy has bee more service oriented and the manufacturing sector has continued to shrink, jobs have bee more broadly defined. ? Jobbased pensation plans tend to be bureaucratic, mechanistic, and inflexible. ? The jobevaluation process is biased against those occupations traditionally filled by women. ? Wage and salary data obtained from market surveys are not definitive. ? In determining internal and external equity, it is the employees’ perceptions of equity that count, not the assessments of jobevaluation mittees. 169。 2020 by Prentice Hall 1020 Suggestions for Implementing Jobbased Compensation Plans ? Think strategically in making policy decisions concerning pay. ? Secure employee input. ? Increase each job’s range of pay while expanding its scope of responsibility. ? Expand the proportion of employees’ pay that is variable (bonuses, stock plans, and so forth). ? Establish dualcareer ladders for different types of employees so that moving into management ranks or up the anizational hierarchy is not the only way to receive a substantial increase in pay. 169。 2020 by Prentice Hall 1021 Example of a DualCareer Ladder Managerial Individual Contributor Band President Executive Vice President Vice President Assistant Vice President Director Senior Manager Manager 13 12 11 10 9 8 7 6 5 4 3 2 1 Executive Consultant Senior Consultant Consultant Senior Adviser Adviser Senior Specialist Specialist Senior Technician Senior Administrative Support, Technician Administrative Support, Senior Manufacturing Associate Clerical Support, Manufacturing Associate