Can you assist me to answer the following questions.
Question 1: Which competitive pay policy would you recommend to an employer? Why? Does it depend on circumstances faced by the employer? Which ones?
Question 2: Contrast pay ranges and grades with bands. Why would you use either? Does their use assist or hinder the achievement of internal alignment? External competitiveness?
Question 3: What factors determine the relevant market for a survey? Why is the definition of the relevant market so important?
Question 4: What factors shape an organization's external competitiveness?