In Section 2 of this simulation your consulting team shifts its focus from concentrating on E-sonic\’s internal consistency to its external market competitvness. FIrst you will be introduced to the tools compensation most effectively within job structures. Many employees are unaware that their total compensation consist of much more than just base pay, benefits and different types of incentives to motivate employees in different ways. You will use some of these tools to develop pay policy mixes for each E sonic job structure. Next your team will consider pay policy level decisions for each job structure. Your team will then use Comp analysis ( the included software program to conduct an external market survey specfic. Specfic Instructions provided with the software Program Will guide your consulting team through the steps involved in the compensation survey exercise. FInally your compensation team will report survey findings, interpreting regression anaylsis results gernated by the soft ware, and provide an explanation of major decision reached.
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