Answer the following:
1. Compare job-based pay with skill-based pay and provide an example of each. Determine which pay you would prefer. Support your decision.
2. Determine how government regulations affect compensation and if the regulations are needed. Support your position with examples
3. Examine the common elements of compensation packages. Determine which two elements you believe to be the most motivational to an employee and to you. Support your position.
4. Compare team and individual bonuses and incentives. Determine which type of bonuses and incentives you would prefer. Support your position with examples.