Explain a person-based pay system

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Answer each question and provide a source for each question.

1. Explain a person-based pay system and a job-based pay system. Be certain to point out major differences between them.

2. Choose and discuss 3 major laws that relate to compensation management.

3. Explain job analysis and job evaluation. Describe the difference between the two.

4. How can a company go about recognizing the differences in employee contributions through compensation?

5. What are the components of building a market-competitive pay system?

6. What needs to be considered when designing a merit pay system?

7. Describe the process of creating a pay structure.

Reference no: EM131485904

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