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Agenda Introductions ProjectObjectives ProjectSteps ProjectTimeline Q A PositionInformationQuestionnaireAddendum AbouttheHayGroup GlobalHumanResourcesManagementConsultingFirm 2 000EmployeesWorldwide 9 000ClientsinVariousIndustries PartnerswithClientstoImplementHumanResourcesStrategieswhichAlignwithBusinessObjectives LeaderinCompensationAssessmentandDesign ProjectObjectives AssessNewJerseyInstituteofTechnology scurrentpositionclassificationprogramandmakerecommendationstoensurethatitenablespayinanequitableandcompetitivemanner NJIT scurrentclassificationprogramhasnotbeenformallyreviewedinanumberofyears concernshavedevelopedabout comparabilityofrolesandjobvalueacrosstheorganization turnoverincertainareas andtheincreasingcomplexityofwork ProjectObjectives Benchmarksampleof80positions bothalignedandnon aligned selectedtoencompassarepresentativesampleoftitlesandjoblevelsinthefollowingfunctionalareas FinanceandBudgetNorthJerseyTransportationPlanningAuthorityInformationTechnology ProjectObjectives Recommendmodificationstothedesignofthecurrentprogramtoensurethatpaystructure ReflectsjobvalueandcontributioninaconsistentmethodologyAchievesdesiredandappropriatelycompetitivemarkettargetsNote Therewillbenoreductionsinpayasadirectresultofthisstudynordoweanticipatewholesaleincreasesincompensationlevels Step1 ConductEmployeeOrientationSessions TwosessionstofamiliarizeNJITemployeeswiththeobjectivesandstepsintheprocess answerquestionsanddistributepositioninformationquestionnaires I GKN0524 ppt Step2 ConductInterviews InterviewswillbeconductedwiththedefinedareaDivisionHeadsandHumanResourcestounderstandNJIT s MissionandStrategiesJobRolesandChallengesCompensationPhilosophyandIssuesCurrentPayStructuresandProcesses Step2 ReviewandUpdateJobDocumentation Classificationandcorrespondingcompensationparametersshouldbelinkedtojobcontent inordertofairly size thebenchmarkpositionsatNJIT Employeeswillcompleteapositioninformationquestionnairetoprovidecurrentinformationonjobaccountabilities requirementsandcompetencies Managerswillreview commentonandapprovethecompletedquestionnaires Step3 EvaluateJobs HaywilltrainacommitteecomprisedofNJITemployeesinHay sproprietaryjobmeasurementmethodology Committeememberswillincludeseniormanagementandselectrepresentativesfrom HumanResourcesNJITcurrentlyusesajobmeasurementapproachthatissimilartoHay smethodology Step3 EvaluateJobs Cont d AsubsetoftheCommitteewillworkwithHaytoevaluatethebenchmarkpositionsoverafourdayperiod Hay sfacilitationwillensure AnobjectiveprocessisappliedtoalljobsEvaluationsareconsistentwithexternalreferencesandstandards Step3 EvaluateJobs Cont d QualityControl TheCommittee sevaluationswillthenbereviewedwiththeDivisionHeadstoensurethattherelativeimportanceofjobshasaccuratelybeenreflected Step3 EvaluateJobs Cont d Hay sMethodologyisthemostwidelyusedprocessintheworld Measuresjobstoreflecttheirrelativeweightintheorganization Providesmeanstoassesspayacrossdifferentmarket functions Evaluatesjobsandnotpeople Notbasedonperformance title writingskillsorcurrentsalary Hay sJobEvaluationMethodologyvaluesalljobsagainstthreefactors Know HowProblemSolvingAccountability Step3 EvaluateJobs Cont d Know How thesumtotalofknowledge howeveracquired necessaryforcompetentjobperformance TechnicalKnow HowManagerialKnow HowHumanRelationsSkills Step3 EvaluateJobs Cont d ProblemSolving theamountoforiginal self starting thinkingrequiredtoanalyze evaluate createandmakeconclusions ThinkingEnvironmentThinkingChallenge Step3 EvaluateJobs Cont d Accountability thelatitudetotakeactionandcommitresourcesandthemeasuredeffectofthejobontheorganization FreedomtoActImpactonEndResultsMagnitude MonetaryValueofImpact Step3 EvaluateJobs Cont d Theresultofthejobevaluationprocessisarankingofpositionsfromtoptobottom Step3 EvaluateJobs Cont d Step4 ConductInternalEquityAnalysis Internalconsistencyofpaylevelscanbeassessedbymatchingdollarstopoints BaseSalaryPracticeInternalEquityAssessment Step5 ConductMarketPricingAnalysis Njit spaylevelswillthenbecomparedtoappropriatecompetitivemarketse G Regionalcompanies educationsector notforprofits AnnualDollars 000 s ClientPoints 90thPercentile 75thPercentile ABCPayPractice Average 25thPercentile 10thPercentile HaywillprepareafinalreportoffindingsandrecommendationsforNJITExecutivesandHumanResourcesthatwillcover AssessmentofinternalequityResultsofmarketpricinganalysisAdjustmentstoclassificationand orcompensationstructureCostofimplementingchangesImpactofchangesoncurrentprocessesandbargainingagreementsHaywillreviewtheresultsofthestudywithNJITHumanResourcesandDivisionHeadsfromtheBenchmarkgroups Step6 PresentReport OnceNJIThashadtheopportunitytoreviewHay sreport NJITwillpresentasummaryofthefindingsandrecommendationstoallemployeesinvolved impactedbythestudy Step7 ProvideFeedbacktoEmployees ProjectTimeline Projectmilestones Conductemployeeorientation Conductinterviews Employeescompletequestionnaireandsendtosupervisor Supervisorsreviewquestionnaires reviseandsendtoNJITHumanResources Traincommittee Evaluatebenchmarkswithcomm

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