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What are the strategic objectives of a pay system

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Reference no: EM133106621

Please help me answer the following questions using your own words, (do not cut and paste responses from your textbook or other available sources as per the instructor).

1. What are the strategic objectives of a pay system?

2. What are the three tests used to determine whether a pay strategy is a source of competitive advantage? Discuss whether these three tests are difficult to pass. Can compensation really be a source of competitive advantage?

3. Job analysis has been considered the cornerstone of human resource management. Precisely how does it support managers making pay decisions?

Reference no: EM133106621

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