Problem:
Question 1) With whom does your organization compete in terms of compensation and benefits? What does your company policy say?
Question 2) What is your company's competitive pay strategy? Do they attempt to pay more, the same or less than the competitive average and why?
Question 3) What is your company's policy regarding communications of salary grades and ranges? Why do they do what they do?
Question 4) Explain the difference between salary ranges and salary bands. Which does your employer use and why?
Question 5) Express your opinion about the processes used to establish "competitiveness" in the text.
Provide detailed solution of the given problem.