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Appropriate for internal job valuation

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For pay purposes, job analysis provides work-related information to help determine how much to pay for a job - it helps determine whether the job is similar to or different from other jobs.

Examine the proposition that the point method is most appropriate for internal job valuation. Illustrate the need for different pay approaches for different jobs in an organisation.

In 2009, the Jobs Credit Scheme was introduced for companies to receive from the government 12% of base wage, up to monthly salary $2500, for every Singaporean and Permanent Resident employee. The scheme ended on 30 June 2010.

What do you understand by minimum wage legislation? Discuss its impact as an alternative to replace the Jobs Credit Scheme.

Kindly do NOT provide answers in point formsCite any reference used for your answers

Gerhart, B., & Newman, J. M. (2020). Compensation (13th ed.). McGraw-Hill.

Reference no: EM133043095

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