Describe reasons why companies adopt person-focused pay plan

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Reference no: EM133656505

Homework: Compensation Management

For this homework, ensure at least five pages in which you discuss the following issues involving person-focused pay plans:

1. Detail various types of person-focused pay plans.

2. Describe reasons why companies adopt person-focused pay plans, and identify types of positions that lend themselves to these plans.

3. Describe advantages and disadvantages of person-focused pay plans. Give job-specific examples in your advantages and disadvantages.

Reference no: EM133656505

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