Define the major components of a compensation program

Reference no: EM133373759

Question 1: respond to the following questions based upon these course objectives:

CO1 - Define the major components of a compensation program.
CO2 - Describe the variations in base rates of pay for employees performing different assignments within an organization.
CO3 - Distinguish between the income levels that determine social-class structure for inhabitants of the United States.
CO4 - Explain the purpose and organizational use of a job description.
CO5 - Describe the relationship between labor costs, organizational competitiveness, and profitability.
CO6 - Explain the relationships among pay satisfaction, job satisfaction, and organizational satisfaction and their impact on individual behavior.
CO7 - Describe the differences between exempt and nonexempt employees.
CO8 - Develop a comprehensive reward system.

Question 2: Please answer the following questions with supporting examples and full explanations.

For each of the learning objectives, provide an analysis of how the course supported each objective.
Explain how the material learned in this course, based upon the objectives, will be applicable to the professional application.

Reference no: EM133373759

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