Defining Strategic Compensation Management Policies
Timeline
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September 9, 2024Experience start
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September 16, 2024Riipen Intro and Project Assignment.
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September 23, 2024Pay Model Review
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October 14, 2024Job Analysis/Pay Structure
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November 4, 2024Pay Ranges
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November 25, 2024Recommendations
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December 7, 2024Experience end
Timeline
-
September 9, 2024Experience start
-
September 16, 2024Riipen Intro and Project Assignment.
Project assignments and team introductions to employers.
-
September 23, 2024Pay Model Review
Development of Pay Model linking compensation to business strategies.
-
October 14, 2024Job Analysis/Pay Structure
Initial job analysis outcomes and pay structure for all roles in the target company.
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November 4, 2024Pay Ranges
Structured pay ranges and role assignments.
-
November 25, 2024Recommendations
Team recommendations for employer partner.
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December 7, 2024Experience end
Experience scope
Categories
Compensation analysisSkills
compensation management strategic alignment business administrationJoin forces with third-year Durham College Human Resources - Business Administration (Compensation Management) students as they delve into the intricacies of compensation management. Eager to apply their theoretical knowledge to real-world scenarios, these learners are poised to tackle challenges head-on, guided by a comprehensive curriculum that emphasizes strategic alignment and practical implementation.
Students
After the collaboration, employers can expect:
- A comprehensive report highlighting key findings and recommendations.
- A presentation showcasing project outcomes and responding to employer inquiries.
Project timeline
-
September 9, 2024Experience start
-
September 16, 2024Riipen Intro and Project Assignment.
-
September 23, 2024Pay Model Review
-
October 14, 2024Job Analysis/Pay Structure
-
November 4, 2024Pay Ranges
-
November 25, 2024Recommendations
-
December 7, 2024Experience end
Timeline
-
September 9, 2024Experience start
-
September 16, 2024Riipen Intro and Project Assignment.
Project assignments and team introductions to employers.
-
September 23, 2024Pay Model Review
Development of Pay Model linking compensation to business strategies.
-
October 14, 2024Job Analysis/Pay Structure
Initial job analysis outcomes and pay structure for all roles in the target company.
-
November 4, 2024Pay Ranges
Structured pay ranges and role assignments.
-
November 25, 2024Recommendations
Team recommendations for employer partner.
-
December 7, 2024Experience end
Project Examples
Requirements
We seek projects that align with the following areas of focus:
- Developing a Compensation Strategy: Dive into the intricacies of total compensation management, crafting strategic policies and techniques that align with organizational objectives.
- Analyzing Federal and Provincial Compensation Legislation: Navigate the legal landscape surrounding compensation, exploring the implications of government regulations on workplace remuneration.
- Conducting Wage Surveys and Job Evaluations: Delve into the labour market, assessing external competitiveness through comprehensive wage surveys and job evaluation methodologies.
- Review Payroll and Salary Administration: Explore effective strategies for salary administration and payroll management, ensuring compliance and efficiency in compensation processes.
- Benefits Administration Recommendations: Evaluate current benefits offerings and strategize ways to optimize benefits administration, including cost control measures and employee satisfaction initiatives.
Additional Community Partner criteria
Community Partners must answer the following questions to submit a match request to this experience:
Timeline
-
September 9, 2024Experience start
-
September 16, 2024Riipen Intro and Project Assignment.
-
September 23, 2024Pay Model Review
-
October 14, 2024Job Analysis/Pay Structure
-
November 4, 2024Pay Ranges
-
November 25, 2024Recommendations
-
December 7, 2024Experience end
Timeline
-
September 9, 2024Experience start
-
September 16, 2024Riipen Intro and Project Assignment.
Project assignments and team introductions to employers.
-
September 23, 2024Pay Model Review
Development of Pay Model linking compensation to business strategies.
-
October 14, 2024Job Analysis/Pay Structure
Initial job analysis outcomes and pay structure for all roles in the target company.
-
November 4, 2024Pay Ranges
Structured pay ranges and role assignments.
-
November 25, 2024Recommendations
Team recommendations for employer partner.
-
December 7, 2024Experience end