Each technique used to develop internal pay structure

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Each technique used to develop an internal pay structure has advantages and disadvantages. In recent years there has been a lively debate over the efficacy of skill-based pay structures. Employees seem to embrace the concept, but several significant implementations have ended with the plans being discontinued. Using the text as a base and then seeking out other sources on skill-based pay, perhaps your own experiences as well, present your observations. Chapter 6 presents advantages and disadvantages of knowledge or skill-based pay. Respond to the following: •After reviewing both the advantages and disadvantages, which do you find more compelling and why? Post your primary response. Read any postings already provided by your instructor or fellow students. Read and respond to the conclusions drawn by your classmates. Remember to read the feedback to your own major postings and reply to it throughout the module.

Reference no: EM131648583

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