Researching market compensation data for position


Assignment:

Describe a type of organization of interest to you in the education/training industry (K-12). Select one job description category that would exist in that organization (teacher or adminstrative assistant) and describe the job. Explain the rationale for the elements of compensation detailed for the job. Include citations and references related to your topic organization, position, or related to employee compensation types and methods.

Create a spreadsheet by researching market compensation data for the position you have described. Create compensation budget entries for the position and place the data in your Excel chart. Include, where applicable:

- Salary range for that position (direct pay or base pay)

- Incentive pay or extra duty pay

- Regular benefits provided for that position and the overall cost of benefits

- Account for any planned increases in any category over the next 12 months (for example, a 3% raise at some point during the year)

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Accounting Basics: Researching market compensation data for position
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