You are the new head of human resources for Flat Tire Rent- a-Car. You want to ensure that your staff are paid appropriately As such, you want to inspect the wage structure of the positions you are supervising and identify any problems (e.g., overpayment, underpayment ) Wage structures are made up of pay grades and, within them, step ranges (Fig. ) In this organization, one's pay grade is determined by their job title, and one's step range within the grade- is determined by their duration of employment with the organization The tables contained in this exercise provide several forms of pay data a pay grade table indicating job evaluation points and top of grade pay for each of four positions (Table )pay steps and promotion eligibility criteria Table 2), and a table of current employees, their job titles, tenure in weeks, and current pay (Table 3). Figure 2 shows a chart of the pay grades and pay step ranges As an example, as shown in Figure 2, Brown is a maintenance staff member and, thus belongs in Pay Grade 1 (which has a maximum pay rate of 50,000)However, Brown has over 250 completed weeks of service with the organization and, thus, Brown should be located within Step Range of Pay Grade Thus, according Table 2, Brown should be paid between $42,500 (which is % of 50,000) and $50,000 (which is 100% of 50,000)As shown in Figure 2 (and Table 3), Brown's current pay is 49,000. Thus, Brown is paid appropriately   1. Complete the chart shown in Figure 2 (i.e., draw the limits for Pay Grade 4 limits for all other pay grades are already provided ).  2. Insert each employee's name into the chart, noting which are overpaid, underpaid, and appropriately paid- or if any are green-circled or red-circled.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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You are the new head of human resources for Flat Tire Rent- a-Car. You want to ensure that your staff are paid appropriately As such, you want to inspect the wage structure of the positions you are supervising and identify any problems (e.g., overpayment, underpayment ) Wage structures are made up of pay grades and, within them, step ranges (Fig. ) In this organization, one's pay grade is determined by their job title, and one's step range within the grade- is determined by their duration of employment with the organization The tables contained in this exercise provide several forms of pay data a pay grade table indicating job evaluation points and top of grade pay for each of four positions (Table )pay steps and promotion eligibility criteria Table 2), and a table of current employees, their job titles, tenure in weeks, and current pay (Table 3). Figure 2 shows a chart of the pay grades and pay step ranges As an example, as shown in Figure 2, Brown is a maintenance staff member and, thus belongs in Pay Grade 1 (which has a maximum pay rate of 50,000)However, Brown has over 250 completed weeks of service with the organization and, thus, Brown should be located within Step Range of Pay Grade Thus, according Table 2, Brown should be paid between $42,500 (which is % of 50,000) and $50,000 (which is 100% of 50,000)As shown in Figure 2 (and Table 3), Brown's current pay is 49,000. Thus, Brown is paid appropriately

 

1. Complete the chart shown in Figure 2 (i.e., draw the limits for Pay Grade 4 limits for all other pay grades are already provided ). 
2. Insert each employee's name into the chart, noting which are overpaid, underpaid, and appropriately paid- or if any are green-circled or red-circled. 

 

Table 1. Pay Grade Data
Pay Grade
1
2
3
4
Job Evaluation Points Top of Grade
$50,000
$70,000
100-200
201-300
301-400
401-500
Table 2. Pay Step Data
Step Range
SR1
SR2
SR3
SR4
Webster
Carter
Sherman
Barrett
Snyder
Gomez
Bennett
Stanley
Wade
Table 3. Current Employee Data
Last Name Position
Brown
Reid
Lower Limit
>= 40% of top of grade
>= 55% of top of grade
>= 70% of top of grade
>= 85% of top of grade
Maintenance
Maintenance
Maintenance
Maintenance
$100,000
$120,000
Sales associate
Sales associate
Sales associate
Branch manager
Branch manager
District manager
District manager
Position
Maintenance staff
Sales associate
Branch manager
District manager
Upper Limit
< 55% of top of grade
< 70% of top of grade
< 85% of top of grade
<= 100% of top of grade
285
190
250
62
195
52
200
150
110
55
225
Promotion Eligibility Criterion
(SR1→SR2): 104 weeks of service with the organization
(SR2⇒SR3): 156 weeks of service with the organization
(SR3→SR4): 208 weeks of service with the organization
Tenure (Weeks Completed) Step Range (should be) Current Annual Salary Step Range (based on pay)
$49,000
$40,000
$52,000
$26,000
$52,000
$25,000
$68,000
$68,000
$41,000
$46,000
$118,000
Note. "Step range (should be)” refers to the step range one has earned based on tenure. "Step range (based on pay)” refers to the step range an
employee is actually occupying based on their current pay.
Transcribed Image Text:Table 1. Pay Grade Data Pay Grade 1 2 3 4 Job Evaluation Points Top of Grade $50,000 $70,000 100-200 201-300 301-400 401-500 Table 2. Pay Step Data Step Range SR1 SR2 SR3 SR4 Webster Carter Sherman Barrett Snyder Gomez Bennett Stanley Wade Table 3. Current Employee Data Last Name Position Brown Reid Lower Limit >= 40% of top of grade >= 55% of top of grade >= 70% of top of grade >= 85% of top of grade Maintenance Maintenance Maintenance Maintenance $100,000 $120,000 Sales associate Sales associate Sales associate Branch manager Branch manager District manager District manager Position Maintenance staff Sales associate Branch manager District manager Upper Limit < 55% of top of grade < 70% of top of grade < 85% of top of grade <= 100% of top of grade 285 190 250 62 195 52 200 150 110 55 225 Promotion Eligibility Criterion (SR1→SR2): 104 weeks of service with the organization (SR2⇒SR3): 156 weeks of service with the organization (SR3→SR4): 208 weeks of service with the organization Tenure (Weeks Completed) Step Range (should be) Current Annual Salary Step Range (based on pay) $49,000 $40,000 $52,000 $26,000 $52,000 $25,000 $68,000 $68,000 $41,000 $46,000 $118,000 Note. "Step range (should be)” refers to the step range one has earned based on tenure. "Step range (based on pay)” refers to the step range an employee is actually occupying based on their current pay.
Annual Salary
$108,000-
$106,000-
$104,000-
$102,000-
$100,000-
$98,000-
$96,000-
$94,000-
$92,000 -
$90,000 -
$88,000-
$86,000-
$84,000-
$82,000 -
$80,000 -
$78,000-
$76,000-
$74,000-
$72,000-
$70,000 -
$68,000-
$66,000-
$64,000 -
$62,000 -
$60,000 -
$58,000-
$56,000-
$54,000-
$52,000 -
$50,000 - FBrown
$48,000-
$46,000-
$44,000-
$42,000
$40,000 -
$38,000
$36,000-
$34,000-
$32,000 -
$30,000 -
$28,000-
$26,000-
$24,000-
$22,000
$20,000-
Grade 1
Grade 2
Grade 3
Pay Grade
Grade 4
Transcribed Image Text:Annual Salary $108,000- $106,000- $104,000- $102,000- $100,000- $98,000- $96,000- $94,000- $92,000 - $90,000 - $88,000- $86,000- $84,000- $82,000 - $80,000 - $78,000- $76,000- $74,000- $72,000- $70,000 - $68,000- $66,000- $64,000 - $62,000 - $60,000 - $58,000- $56,000- $54,000- $52,000 - $50,000 - FBrown $48,000- $46,000- $44,000- $42,000 $40,000 - $38,000 $36,000- $34,000- $32,000 - $30,000 - $28,000- $26,000- $24,000- $22,000 $20,000- Grade 1 Grade 2 Grade 3 Pay Grade Grade 4
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