According to the salary scale, The Walt Disney Company employs talent in positions ranging from senior financial analyst to senior software engineer. The average employee at The Walt Disney Company makes $68,000 per year. The staff member's role at the company primarily determines pay; however, length of job and geography are also reported as secondary influences on salary at The Walt Disney Company. According to the article, near the top of the pay scale are senior software engineers, finance managers, software engineers and IT business analysts. For workers with one to four years of experience, the average paycheck reaches $58,000 per year. Five to nine years of work experience appears to result in an average salary of around $76,000 per year. The compensation examples above show that the more skills and experience employees have in the organization, the higher their compensation. Organizations would benefit from using the same practice that Disney extends to their workforce. Companies whose primary plan purpose is to meet compliance requirements alone could benefit greatly from developing a comprehensive benefits plan. This could help increase your return on investment. The value I believe a company can derive from Disney's compensation plan is to attract competent workers, retain them, and motivate them to direct their energies toward achieving the organization's goals. Companies can set policies to regularly conduct a market study to implement a true performance appraisal system and then work to retain good employees and eliminate poor performers. Following Disney's lead in getting those who best fit their company's culture and supporting the company's mission. To ensure that the compensation structure is outwardly competitive, a salary survey should be presented. For survey results to be valid, market wage data must come from the relevant labor market for each target job. I would recommend collecting a regional and global salary data survey from the company, as, for example, most office support, HR and operations jobs will be filled by local candidates. A job analysis is the process of reviewing jobs in a similar company. The result of this process is a job description “that includes the job title, a summary of job duties, a list of essential duties and responsibilities, and a description of the work context” (Burke, 2008). A job description consists of the knowledge, skills and attitudes needed to perform the job. A job evaluation is the process of evaluating the comparative value of work within a company
tags