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Universal compensable factors

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Reference no: EM133041916

1. In Compensation there are four "universal compensable factors". Explain why these are considered to be "universal"?

2. Richard, the owner of a market research firm, recently learned that the current rate being paid for the position of research officer at his firm falls significantly below the wage line. Which step below should Richard take to correct this problem? Explain why any ONE of the other answers would be INCORRECT.

A. enact a pay freeze for that job

B. assess a decrease in wages

C. provide a pay raise

D. pay a one-time bonus

3. Discuss the two key uses of the concept "benchmark jobs" in job evaluation

Reference no: EM133041916

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