Job Evaluation And Structure Of A Finance Department

4171 words - 17 pages

Executive SummaryCornwall, Ontario, is a growing city. Its Finance Department provides a wide range of financial services. However, its employees have great difficulty understanding their compensation package. In fact, they see little link between their jobs and their pay.The goal of this report is to provide analyses and recommendations for a change in Cornwall's Finance Department. Therefore, we completed two types of job evaluation analyses, the point method and the ranking method. The point method gave a job structure of H, A, C, D, G, B, E, and F, while the ranking method had a job structure of A, H, C, D, G, E, B, and F. Since these are two different results, we proceeded with a comparison of both pay models. We concluded that the point method would be more effective for the city because:-It does not present inherent biases.-Its compensable factors are a clear reflection of the organization's values and mission because of the emphasis on skill and effort.-Within the context of a unionized municipal government, it is best to use a job evaluation method designed to determine relative internal worth.Therefore, we benchmarked the jobs and obtained average annual salaries ranging from $33,250 to $152,750 (as shown in Appendix 4).We then went over implementation issues and concerns of the point method. Concerns were threefold: a plan of action must be followed, costs of implementation must be evaluated, and employees and their union must be an integral part of the change.1.0.0. Organization profile and introductionThe City of Cornwall is a municipality in Eastern Ontario located on the Canada/USA border with a population of 46,000. It is in the centre of a larger region comprising over 110,000 people. The City of Cornwall prides itself in being a full service city by providing public safety, recreation, water, and wastewater services, as well as many other general services to its citizens. In order to deliver these, the city has worked on organizing its departments and employees to carry out its mission. One of those departments is the Finance Department. Currently, it has been delegated the authority to provide payroll, accounts payable, accounts receivables, and fiscal reporting services for other city departments. Furthermore, the Finance Department provides customer service representatives for City Hall's pay station. The department is also responsible for managing the city's annual budget, all financial reporting, auditing, and fiscal policies and procedures. The department has a top down chain of command.This report will focus on the compensation method used to pay the employees of the Finance Department. We will first develop and compare the point and ranking methods. We will then present detailed recommendations for the city of Cornwall. Finally, we will discuss implementation issues and concerns.2.0.0. Job evaluation methodsIn this section, we will examine two job evaluation methods and their resulting job structure hierarchies. We have...

Find Another Essay On Job Evaluation and Structure of a Finance Department

The Intrinsic Rewards of a Job and beign a Student.

2027 words - 8 pages What is intrinsic reward? Intrinsic rewards are psychological rewards that we get from doing meaningful work and performing it well whether in studies or job. It’s actually a type of motivation. There also extrinsic reward. Extrinsic rewards usually financial and tangible. This reward given by manager to employee such as pay raises bonuses and other benefits. It been called “extrinsic reward” because it was external to the work itself and other

The Making of a Human Resources Department

1732 words - 7 pages management. I love to share this story, because it shows how much the organization has changed and grown since my first week with NAF. When I joined NAF, it was operating as a mom and pop shop. The company has been founded on such solid principles and ethics, that everyone simply worked hard and got the job done. There truly wasn’t a lot of structure in the HR division. People were brought in, and paperwork was done later, if at all. There wasn’t

Corporatization Of A Singapore Government Engineering Department

681 words - 3 pages XYZ is the public development and building authority of Singapore. In line with the trend to corporatize the non-regulatory functions of the Singapore government bodies, WYZ has been directed to corporatize by the end of 1998. It has sent a powerful shock into the nerve system of the department. In the near future, XYZ will have to compete on the same ground with firms from private sector for projects in both the public and private sector. If

Evaluation of a Website

580 words - 2 pages . What in the world does “Rim ember us poke in cent tense all mow stall ways con deigns word snot in ten did” mean? Click on the “Syntax” page, and find out that phrase structure plays a big part in successful communication. “Can green ideas sleep furiously?” (1). According to the Phantom Linguist, and the rules of semantics, probably not. He proves that the structure of sentences and their meaning are two distinct things, representing two

Evaluation of A Business

3053 words - 12 pages Evaluation of A Business 1.0 Executive Summary Skinclad Ltd is a business-to-business manufacturer of high quality leather, suede and sheepskin men's full-length coats and jackets. The company has been established in the UK leatherwear market for twenty-five years, which in 2000 was valued at approximately £2.5m but has since dwindled due to economic changes. Skinclad sell their garments through Modal Fashions

Department of Homeland Security and Its Acronyms

1401 words - 6 pages Introduction This paper will briefly discuss the formation of the Department of Homeland Security (DHS). With every government program or agency comes an alphabet soup of acronyms and DHS is no different from the rest. To better understand the agency and concepts that comprise DHS, this paper will also examine acronyms associated with DHS. They are QHSR, HSE, NRF, NIMS, ICS, and UC. Each will get a description while highlighting and

Texas Department of Family and Protective Services

1572 words - 6 pages Texas Department of Family and Protective Services According to the Encyclopedia of Education, the program was first started in 1690. It became a way to deal with criminal court cases involving child abuse. Two years later the states and municipalities identified care for abused and neglected children as the responsibility of local government and private institutions. It was not until 1825, that the states enacted laws that gave social

Youth, Confidence, and a Job

1692 words - 7 pages of those Caesar salads?” I’m assuming this means it’s a pretty large salad, especially after all the dressing, cheese, and croutons - the typical variation of this salad – could be considered a large meal by itself. The fact that the waitress also keeps bringing the man bread and butter, at least 3 times, possibly a reference to the idiom “one’s bread and butter”, meaning his source of income, or a job. This leads me to believe this ‘fat man

Definition of Sustainability and a Good Structure of It

3224 words - 13 pages high priority. This is the reason why many MNC’s (Multi National Company’s) and TNC’s (Trans National Company’s) have published Corporate Sustainability Reports (CSRs). A corporate sustainability report is a periodic report published by companies to highlight achievements in meeting financial, environmental and social sustainability. STRUCTURE OF GOOD SUSTAINABILITY REPORT: Most of the corporate sustainability reports (CSRs) published are

Organisational Structure, Culture, and Management Style of a Business

1065 words - 4 pages it is best suited to a hierarchical organisational structure. This is because; there are more employees as it goes downwards from each level. This type of organisational structure has many levels of management. The organisational structure has been structured according to its own function i.e. marketing, finance, human resources and sales. This is known as a functional organisation. The hierarchical organisational structure of Wednesbury

Form And Structure Of A Dolls House By Ibsen

940 words - 4 pages Form and Structure Ibsen・s .A Dolls House・ has two strands to the main plot; one being Nora and Torvald・s relationship (linking Krogstad) and the other, an underlining sub-plot involving Christine and Krogstad.With in the structure of the play Ibsen uses this parallel situation to highlight certain aspects of each character, for example the sobriety of Christine to the careless child like manner of Nora.Ibsen uses

Similar Essays

Job Evaluation And Its Objective Essay

1043 words - 4 pages 1. IntroductionEvery organization needs to ensure that there is a fair, equitable assessment and determination of job worth for the purpose of compensation through a comprehensive job evaluation system. The job evaluation process helps to establish the grade level for a particular job. The end result of the job evaluation process is a ranking of the jobs in the organization in which the more complex, responsible and skilled jobs are grouped at

Compensation Structure And Job Design Research

3345 words - 13 pages in a way that better matches the flow of work, thus avoiding bottlenecks as well as idle hands," (Milkovich & Newman, 2005, p. 148). The skill-based structure helped define the role of the cashier by linking pay to the skills, abilities, and level of knowledge. The job evaluation of cashier is based on multiple factors such as the external market, KFFs organizational value and culture, and the necessary skill set.Job Design for Stock

Compensation Structure And Job Design Research

3677 words - 15 pages Running head: COMPENSATION STRUCTURE AND JOB DESIGN 1 PAGE \* MERGEFORMAT 16 Compensation Structure and Job Design ResearchMMPBL/592October 24, 2011Compensation Structure and Job DesignKudler Fine Foods is a "local upscale specialty grocery store in the process of restructuring its compensation and job design. This team will focus on creating a compensation structure for the store manager, cashier, stock person, specialty department worker

A Review Of Job Satisfaction, The Influencing Factors And Consequences Of Job Satisfaction

2409 words - 10 pages A Review of Job Satisfaction, the Influencing Factors and Consequences of Job Satisfaction Introduction Job satisfaction has been gaining attention from both researchers and managers, especially due to the contemporary proliferation of the idea recognising the significance of people in terms of achieving competitive advantage and sustainability in organisations. The purpose of the essay is to review factors influencing job satisfaction and