Description of Human Resources
1.Three tests for any source of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage?
2.Internal structures are part of the incentives offered in organizations. Look into any organization: your college, workplace, or the grocery store where you shop. Describe the flow of work. How is the job structure aligned with the organizationâ??s business, the work flow, and its objectives? How do you believe it influences employee behaviors?
3.Why bother with job evaluation? Why not simply market-price? How can job evaluation link internal alignment and external market pressures?
4.What is a relevant market? What difference does it make when determining peopleâ??s pay?
5.How would you design a survey for setting pay for welders? How would you design a survey for setting pay for financial managers? Do the issues differ? Will the techniques used and the data collected differ? Why or why not?