Need assistance from an expert in employee compensation strategies with the following (500 words?) :
You have just taken over a position as a Compensation Analyst for an online global management consulting business, MGH.
1. You have been asked to provide a basis for pay for a new employee: A new Management Consultant I (entry level based in San Francisco) 30 hours per week
Current paid salaries at the MGH Company:
Management Consultant II - $85,000 base
Create a word Document for the new employee position. Determine the bases for recommending the salary for the position. Show the bases, the salary or pay and justify the recommendation.
Go to the following sites as a start for your research:
https://www.dol.gov/dol/topic/wages/
https://www.salary.com/personal/-layoutscripts/psnl_resources.asp?-tab=psn&cat=cat009&ser=ser024-&part=par056&itab=performance