Analyze the factors that constitute a job analysis and a job evaluation process. Then, determine how the final outcomes of both of these HRM functions ensure the goals of fair and consistent pay structure throughout an organization. Please address the following points: Describe the steps involved in completing both a job analysis and a job evaluation. Evaluate the significance of the outcomes of these compensation systems in building an effective pay program. Describe how the concept of external influences on pay structures is different from internal systems designed to ensure pay equity throughout the organization. Describe how HRM develops total compensation programs that utilize market and labor data to ensure more competitiveness, in order to more effectively recruit, motivate, and retain employees. Describe whether it is better to design and promote a total compensation program that focuses on external labor market conditions and the competitiveness of the organization in the market place, in the struggle to recruit and retain productive and motivated staff members. Support your paper with a minimum of three resources, which may include your required text(s). In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Length: 5-7 pages, not including title and reference pages Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
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