Problem:
Question 1) Does your company's compensation plans help to attract and retain people with the right skills, knowledge and motivation to help the company succeed? Explain.
Question 2) Is your company's base salary plan an effective pay-for-performance plan? Explain.
Question 3) How has your company's compensation plans changed in the last 10 to 15 years?
Question 4) What are the advantages to employees and to the enterprise of employing variable pay plans?
Question 5) What's your opinion about compensation as a motivator of behavior?
Question 6) How satisfied are employees with your company's compensation and benefits plan?
Provide thorough explanation of every question given in the problem.