Discuss the below:
1. What are the four policy issues in the pay model? How does the pay model help organize one's thinking about compensation?
2. Why do many managers say that job analysis is a colossal waste of their time and the time of their employees?
3. Distinguish between global, workers, expatriates, local nationals, and third-country nationals.
4. Explain why changes in minimum wage can affect higher-paid employees as well.
5. Why is the structure of the compensation function important?