Define market-competitive pay systems

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Reference no: EM132830151

Question 1: Explain the importance of building internally consistent compensation systems.

Question 2: Identify the steps involved in the job analysis and job evaluation procedures.

Question 3: Discuss how internally consistent compensation systems affect competitive strategy.

Question 4: Define market-competitive pay systems.

Question 5: Identify the purpose and strategic considerations behind compensation surveys.

Question 6: Analyze compensation survey data.

Question 7: Integrate internal job structures with external market pay rates.

Question 8: Identify and define the three pay level policies: market lead, market lag, and market match.

Question 9: Explain the fundamental principles of pay structure design.

Question 10: Outline the designs of merit pay, sales incentive, and person-focused pay programs.

Question 11: Compare and contrast pay structure variations (broadbanding vs. two-tier wage plans).

Reference no: EM132830151

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