A local oil and gas company in Houston hires the following categories of employe

Question

A local oil and gas company in Houston hires the following categories of employees: 1. Petroleum Engineers at all levels (entry level, senior level, middle-management level, etc.). 2. Clerical employees (entry level only). 3. Senior management staff (both internal and external searches are done). The company employs about 3,000 employees in the Houston area. The company is interested in revising its compensation package to be externally competitive. They want to conduct their own market survey of wages and benefits paid by the competitors. Help them identify the relevant labor market, competitors, and the key areas they should focus on in designing the survey. Note that I do not expect an actual survey but the areas they should cover in terms of whom to survey, what to survey, and where to survey.

Explanation / Answer

the organization needs to find no less than 3 of its nearby rivals, and they should be behavior review in the given territories:

distinctive assignments

salaries to each assigned individuals

experience and salary relation

set of working responsibilities

work examination in every firm

salary structure/is it altered pay or variable or consolidate

different advantages giving to the workers

survey should be collected from all the employs in firm.

every one of these components will help us to get a thought of the competitor and their salary structure.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.