Human Resource and Employee Compensation
1. Explain the similarities and differences that exist among
merit pay systems, incentive pay systems, and person-focused pay systems. Of
the three of these pay systems, which one would you implement at your company?
Explain your choice.
2. You are the compensation manager for a local Internet
training company. Your CEO would like you to determine how well the salaries he
pays his instructional designers measure up to other companies in the same
field. Outline the steps you would take to determine this and compose a memo to
your CEO showing your results. Also, make recommendations to your CEO
concerning the pay rates based on the information you gathered from your
research.
3. What is job
evaluation, and how is it used by compensation professionals? Discuss the
various techniques used in job evaluation.
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