Problem
• Determining Job Worth: Identify how an employer should determine the pay range for a particular job (the job itself not a specific employee). Note that this is not company-specific, so do not simply look up information on a job at a particular company. Focus on the process of how the pay should be determined (i.e., job evaluation) more than what the final pay range should be.
• Benefits: Identify the types of benefits an employer should offer to attract and retain competent employees while containing costs. Essentially look at it from a cost/benefit standpoint. The idea is to identify benefits that would have value to current and prospective employees that an employer could offer without incurring large costs.
• Merit Pay vs. Lump Sum Bonuses: Evaluate the advantages and disadvantages of traditional merit pay versus lump sum bonuses from both an employer and an employee standpoint, assuming the amount of money was the same for merit pay or a bonus. Use a table to ensure everything is addressed. Also, for this section it is helpful to compare the amount of money an employee would receive in the long term with a fixed dollar amount given as a bonus versus merit pay that gets added to one's base pay.