What are three considerations in developing pay system

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Reference no: EM132307661

HRM Developing pay structure for car dealership

1. Does the total rewards system offered to you in your current employment situation motivate you to want to stay with the firm - work hard for the firm - etc.? You don't have to identify the specific numbers. Think of this as a way of analyzing yourself - does your employment compensation situation meet the overall goal of attract/retain/motivate workers? If not, what would do so?

2. What are three considerations in developing a pay system? Which do you think is the best?

3. Which pay theory do you think is the most important when developing a pay system?

4. As you developed the pay structure for your car dealership, which information from the chapter was most helpful to you in identifying which jobs should be paid in which ways?

5. How does the Fair Labor Standards Act of 1938 impact how and what we pay our employees? What other key takeaways are there from this legislation?

Reference no: EM132307661

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