Discussion: What is Fair Compensation? Minimum of 300 words and with references.
Much has been written about "fair" compensation. However, there is not a consensus on what is "fair" -- how it's defined and how it should be determined. For this discussion, I would like us to consider this issue. How should we define "fair" compensation? What tests/procedures would you recommend to an organization to determine whether the ways in which they compensate employees is "fair"? Why?