Based on the company Glenview Plastic Systems
1,750-2,450-word paper in which you identify the components of the total compensation package. Also, assess the implications of internal equity and external competition in pay structure. Explain the relationship between an organization's compensation system and its ability to compete externally. Answer the following questions :
Problem 1: What types of monetary and non-monetary compensation does the organization use?
Problem 2: How does the organization assess internal equity and external competitiveness?
Problem 3: What internal and external factors have influenced the pay structure and external competitiveness?
Problem 5: How do employees perceive the pay structure?
Problem 6: What are some recommendations for the company to improve internal equity within its pay structure?
Problem 7: How does the organization's ability and willingness to pay affect the competitiveness of the organization?
Problem 8: What are some recommendations to improve its pay structure relative to its competitors?