Market Data and Merit Program, need 11 to 12 pages

/in /by

Phase III: Market Data
and Merit Program—ungraded, but required draft  

In this phase, you will collect market data.

· 
Market Data

· 
What is the
competition?

· 
What are the local
demographics for the immediate area?

· 
What is the job market
like for the kinds of skills you will need? How hard or easy will it be to
recruit and retain employees?

· 
Find market data on
your positions online to assist you in determining a pay grade structure. 
(see note below)

· 
Establish a pay grade
structure and pay grades for each position.

· 
Set up pay grades with
a minimum, midpoint, and maximum.

· 
Explain how you set up
your pay grades.

· 
Assign pay grades to
each position.

· 
Performance
Evaluations

· 
Describe your
performance evaluation.

· 
Determine which type
of performance evaluation you will use for each category of employees.

· 
Design and include the
performance appraisal forms that will support your system.

· 
Develop a merit pay
grid that supports your performance appraisal process. Explain the linkage from
your performance appraisal to your merit system.

Note: The website  salary com offers
a media wage for the geographic area you have designated. These median wages
can serve as alternatives to actual survey data.