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Briefly explain the need to administer benchmarking

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Reference no: EM133044399

(a) Explain these terms: i) Match pay policy ii) Lead pay policy According to a survey by recruiting expert Hays, 35% of respondents believe salaries are below market rate... a further 35% of job seekers believe salaries are low but employers are willing to negotiate.

iii) Lag pay policy and Flexible policies.

(b) Briefly explain the need to administer benchmarking pay-conversion.

(c) Discuss the three (3) factors that affect external competitiveness. Support your discussion with an example for each factor.

Reference no: EM133044399

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