Step 1. Decide how salary increases will be given. Is it merit or seniority? Annual? Defend your answer.
Step 2. Address any additional compensation items. For example, is this position eligible for a bonus or commission? If so, based upon what criteria. Is this position typically unionized?
Step 3. What non-statutory benefits would you propose for this position? In other words, what additional benefits (that are not required/mandated by law) would you recommend to assist in attracting and retaining a qualified incumbent for this position.
Step 4. What federal laws impact compensation administration and how do these laws protect job candidates, employees, and employers alike. State at least three laws/acts/legislation, the definition, and how it relates to compensation administration.