Case Study: Getting and Using Compensation Information
“Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction. Compensation is a tool used by management for a variety of purposes to further the existence of the company. Compensation may be adjusted according to the business needs, goals, and available resources.” The three careers I chose for this case study are Public Relations Specialist, High School Teacher, and…show more content…
If the company offers stock options, the people who are in the public relations specialist and project coordinator positions are eligible, it just depends on the company. Teachers can’t get them, because they are not offered in that public sector.
After reading the job descriptions for the three careers I chose, I found the program coordinator and the public relations specialist descriptions were pretty much right on the money, however the teaching description was lacking and left a lot to be desired. The description for the program coordinator was right on the money. It gives you an accurate run down on what’s expected from the position, and what is required to fulfill the position at its maximum capacity. The description I read for the public relations specialist may have been the best one. The description given for this job painted a clear and accurate picture of the position. From my personal experience the description I read for the teaching position was generic and lacking of substance. It didn’t quite detail what the job entails in detail. I think the descriptions were worded to give the job seeker an overall view of the job.
Question #5 After researching these positions in my local area my findings were not that surprising. The area I did my study for was Chicago, IL, and Chicago wages are a lot higher than most other cities. The reason why I think Chicago wages are higher than