Market competitive pay-system
Describe the fundamental building blocks of developing a market competitive pay system, comprising the relationship between the internal and external equity.
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Describe the role of benefits in compensation. Assess the primary reasons an organization gives benefits to its employees;
Compose a 3 to 5 page paper which assesses the concept of market competitiveness in relation to the organization's pay system
Today is January 1 & an individual is currently thirty years old. She made 93,000 dollars last year & she estimates she will need 75 percent of her current income in today's dollars to live on when she retires.
you might want to reference the job analysis and job description method, that form the foundation of job evaluation.
Describe the fundamental building blocks of developing a market competitive pay system
the relationship between performance management and compensation; and factors which must be considered when successfully implementing performance management in an organization.
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Describe how incentive pay plans - both individual and group - motivate the employees to attain high levels of performance.
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