Simulation project: what’s the market environment for online music store? Who are E-Sonic’s competitors? What’s the demand for online music and what do you see the trends for demands in online music market?

PrepGuide 3                                        Name: _________________

Chapter 5 Person-Focused Pay                       Section: _________________

Chapter 6 Building Internally Consistent Compensation System

Due: Feb 15^th

1. Simulation project: what’s the market environment for online music store? Who are E-Sonic’s competitors? What’s the demand for online music and what do you see the trends for demands in online music market?

 

 

2. Describe the following terms:
3. Horizontal skills (you can use example to describe this term)
4. Vertical skills (you can use example to describe this term)
5. Depth of skills (you can use example to describe this term)
6. Internal consistency
7. Job analysis
8. Job evaluation
9. O*NET
10. O*NET content model
11. Compensable factors

 

3. Choose an occupation you are familiar with and build the competency model (based on the general model in Figure 5-1, use Figure 5-2 as an example).

 

 

4. Define the four varieties of person-focused pay programs (stair-step model, skill blocks model, job-point accrual model, and cross-departmental model) and provide examples for one of the model.

 

5. Describe the 6 steps for job evaluation process