Use a job evaluation program, such as the point method, to create a wage structure in an organization.
Employee Benefits Programs
Describe the common elements of employee benefits programs and explain how they are administered.
Develop and use a performance appraisal program to evaluate employee performance and describe the strengths and weaknesses of different appraisal methods.
Administer a pay system, such as calculating take-home and overtime pay, creating executive compensation packages, and adjusting pay levels for inflation.
Wage Level Decisions
Determine wage levels and use wage surveys to assign fair wage rates.
Use financial incentives to motivate employees through such programs as merit pay, individual or group bonuses, piece-rate incentives, commissions, bonuses, and profit sharing plans.