Strategic Pay Structure

For your third assignment, you will design a pay structure for CapraTek that is commensurate with job classifications. In addition to the media piece from this unit’s studies, it may be helpful to review the first CapraTek interaction, which you viewed in Unit 2. Links to both pieces are in the Resources.

To complete this assignment, you will:
•Create a strategic pay structure for CapraTek using Martocchio’s five-step system, including the number of pay structures, market pay line, defined pay grades, and pay ranges (Martocchio, pp. 177–184).
•Analyze merit-pay systems and their applicability to CapraTek.
•Analyze sales-incentive compensation plans and their applicability to CapraTek.
•Analyze person-focused programs and their applicability to CapraTek.
•Evaluate the alignment of job classifications to this pay structure.

Assignment Requirements
•Written communication: Written communication is thoughtful and free of errors that detract from the overall message.
•APA formatting: Resources and citations are formatted according to APA (6th edition) style and formatting.
•Length of paper: 3–4 typed, double-spaced pages. Assignment should be uploaded in one document.
•Font and font size: Times New Roman, 12 point.
•Communication: Understand the audience and communicate appropriately.

Reference

Martocchio, J. J. (2015). Strategic compensation: A human resource management approach (8th ed.). Upper Saddle River, NJ: Prentice Hall.