Need to do a simple analysis around pay and experience fairness.
Two project managers managing exactly same kind of projects and have similar performance levels:
PM 1 -> Pay $130,000 ; Experience 15 years;
PM2-> Pay $80,000 ; Experience 3 years;
I want a mathematical way of analyzing if the person getting paid $80,000 is being under payed.
Now I know there are industry standards and charts available. I want to do something that may not be perfect but gives a sense.
How much weight should be given to experience and can this be factored in mathematically?
Please dont get hung up on accuracy. I want a logical analysis method that does not need to be entirely accurate.
Also, where can I find industry charts comparing pay and experience
posted by r2d2
on Mar 3, 2012 -
A friend has recently been offered a position that will involve modelling the company processes in her company. She has a good knowledge of the business but needs to learn to formalize this knowledge into proper business process models. Where can she start a crash course on the formal approaches to modelling and creating diagrams of the processes used in this company of about 100 employees? [more inside]
posted by yoz420
on May 9, 2008 -
BusinessAnalysisFilter: I've been out of the Business Analysis sector for about 6 years, and I'm giving some serious thought to heading back in that direction. In looking at a particular job description I've encountered a term I'm not familiar with, and general interest, as well as not wanting to sound ignorant if I apply for that particular job, leads me to ask... [more inside]
posted by planetthoughtful
on Mar 19, 2006 -