Assignment
Question #1
Explain the role of compensation surveys. Why is it important to update survey data?
Question #2
Explain market pay line. How is it used in the context of pay level policies such as market lead, market lag, and market match?
Question #3
Can companies easily develop compensations that are both internally consistent and market competitive? What are some of the challenges to this goal?
Question #4
Which do you believe is most important for a company's competitive advantage: internal consistency or market competitiveness? Explain your answer.
Question #5
Discuss how compensation professionals integrate job structures with external market pay rates.
Question #6
Present the basic concepts of two compensation policy types: pay mix and pay level.