Select one of the following topics and write a 3-5 page paper.
1. Discuss the "equal pay for equal work" concept and how it can be applied.
2. Discuss the concept of "benchmarking" and how it is used in determining a company's future pay structure.
3. Describe the characteristics of merit pay plans, incentive pay plans and profit sharing plans and indicate in what business situation(s) each would be most appropriate.
4. Discuss a current collective bargaining issue and how it impacts the organization and its customers.