Response the below in 300 words ecah and use APA format:
Reference: Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin.
Question 1
Distinguish external competitiveness policies from internal alignment policies. What is external competitiveness? What factors shape an organization's external competitiveness? Why is external competitiveness so important?
Question 2
Discuss the differences and similarities that exist between skill-based pay structures and competency-based pay structures.
Question 3
Some would argue that incentives are the key to retaining and attracting employees. Based on the reading in this unit, it has been noted that there are various types of incentive plans. Discuss the advantages and disadvantages of individual incentive plans, team incentive plans, variable-pay plans, and group incentive plans. Provide examples of each plan.
Question 4
Employee benefits have become very important to many employees. When benefits are cut, employees can become disgruntled and feel cheated. Many employees do not realize or understand the difference between the benefits required and miscellaneous benefits. Identify and explain in detail those benefits that are mandated/required for employers to offer employees.
Question 5
Compare and contrast global workers, expatriates, local nationals, and third-country nationals. What impact, if any, do they have on international pay systems? Explain.