Compensation and benefits
Directions: Answer each of the following essay questions (1 page document for each question) as a review of the Compensation and Benefits course: 1. Discuss in detail The Pay Model. What are the three basic building blocks that make up the compensation system? 2. Why is job analysis important and what information should be collected when conducting a job analysis? How does the job analysis impact the job description? 3. Discuss the key elements needed for a positive as well as successful performance evaluation. 4. What shapes external competitiveness? Is one factor more influential than the rest or are they equally responsible? 5. In determining desirable components of a benefit package what are some factors that affect employer preference?