Discuss the below:
Question 1
You are the compensation manager for a local Internet training company. Your CEO would like you to determine how well the salaries he pays his instructional designers measure up to other companies in the same field. Outline the steps you would take to determine this and compose a memo to your CEO showing your results. Also, make recommendations to your CEO concerning the pay rates based on the information you gathered from your research.
Question 2
Why is it important to design internally consistent compensation systems? Explain how the job analysis process is used to create a compensation system.
Question 3
Explain the similarities and differences that exist among merit pay systems, incentive pay systems, and person-focused pay systems. Of the three of these pay systems, which one would you implement at your company? Explain your choice.
Your response should be at least 200 words in length. You should use at least your textbook to complete this assignment. All sources used, including the textbook, should be referenced; paraphrased and quoted material should have accompanying citations. All references and citations used should be in APA style.
The textbook for this is Strategic Compensation; A human resource management approach.