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What are the potential consequences of having pay structure

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Question 1: You have been asked to evaluate whether your organization's current pay structure makes sense in view of what competing organizations are paying. How would you identify the organizations with which to compare your organization? Why might your organization's pay structure differ from those in competing organizations? What are the potential consequences of having a pay structure that is out of line relative to those of your competitors?

Question 2: Can companies easily develop compensation packages that are both internally consistent and market competitive? What are some of the challenges to this goal?

Reference no: EM132867685

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