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.
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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 company criteria
Companies must answer the following questions to submit a match request to this experience:
Additional company criteria
Companies 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