Creating your Dream Job and Building its Compensations Plan and Performance Appraisal

[Walden University]

Creating your Dream Job and Building its Compensations Plan and Performance Appraisal

Introduction

My dream job is to be an owner of a daycare centre. The company offers care for children aged between 0 to 12 years. The daycare centre offers full-day learning care. Daycare centre is committed to provide a good, effective and secure program of daycare for children while functions in accordance with all relevant procedures, policies and law. This assignment creates a job description and specifications, designs compensation and benefits package and performance appraisal program for the owner of daycare centre.

Job Description and Specifications

Purpose of the Designation

The owner of the Daycare centre is responsible for offering a developmentally and secure programs of daycare for children aged between 2 to 12 years.



Job Scope

The Daycare owner will be responsible to supervise planning and implementation of care programs, and ensures that these programs fulfill needs of children and meet expectations of parents.



Key Job Responsibilities

Being an owner of Daycare centre, my key responsibilities include:

Streamlining of all procedures and policies of the Daycare centre

Maintenance of all financial and business records, including payroll, insurance coverage and accounts (Freeman, Decker & Decker, 2012).

Enrollment and Tours

Maintain Daycare license

Supervise purchase of order equipment and supplies

Recruitment, termination and retention of employees

Oversee staff development and curriculum

Chair quarterly meetings with parents and monthly meetings with staff

Review and purchase material and resources for teaching and teachers

Emphasis and offers continuous learning and development of children and teachers

Keep parents informed of about development of each and every child

Create a marketing plan to expand business and contingency plan for survival.

Desired KSA (Knowledge, Skills and Abilities)

Daycare owner must have knowledge and understanding about:

Culture difference and its influence on children learning

Understanding about children safety

Relevant procedures, policies and legislation about children care

Theories and practices of child development (Nazir, Shah & Zaman, 2012).

Essential skills needed for this job include:

Decision making skills

Problem solving and analytical skills

Supervisory skills

Team building skills

Effective communication skills, both listening and verbal

Time management skills

Stress management skills

The owner must demonstrate below listed abilities and attributes:

Be understating and compassionate

Be fair and consistent

Demonstrate ethics at workplace

Be flexible

Be respectful

Able to build esteem and have ability to create secure and safe environment

Possess cultural sensitivity and awareness (Council, 2011).

Design a Compensation and Benefits Package

Compensation and benefit package is traditional and the most important way employed by organization to attract and retain top potential employees. Compensation and benefit package must be based on competitive pay and in line with market equity to match with the Daycare industries. This package for Daycare owner will be based on strategic pay structure, which refers that salary will be based on future goals and direction of the Daycare, while recognizing and rewarding employee performance.

The compensation and benefit packages will be classified into three categories: Salary, rewards and benefits (Murphy & Sandino, 2010).

Job

Maximum

Mid-point

Minimum

Progression of Mid-point

Range Width

Owner

81,000

115,500

150,000

15%

80%

Source: Murphy & Sandino, 2010

Salary

Salary or pay usually designed for employee not for employer or ...