Describe reasons why companies adopt person-focused pay plan


Essay Homework

For this homework, compose an essay of at least two pages in which you discuss the following issues involving person-focused pay plans:

a. Detail various types of person-focused pay plans.

b. Describe reasons why companies adopt person-focused pay plans, and identify types of positions that lend themselves to these plans.

c. Describe advantages and disadvantages of person-focused pay plans. Give job-specific examples in your advantages and disadvantages.

Textbook:

Martocchio, J. J. (2020). Strategic compensation: A human resource management approach (10th ed.). Pearson.

Format your homework according to the give formatting requirements:

a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.

b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.

c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.

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Strategic Management: Describe reasons why companies adopt person-focused pay plan
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