You are the compensation manager for Middle Financial Services. The organization buys, repackages, and sells financial instruments. The organization's five major units are sales and marketing, new products development, legal services and compliance, IT services, and management.
You need to develop a job evaluation plan for the organization. Describe the difference between person-based plans and job-based plans. Explain which one you would use. What factors would you consider? What is one advantage and disadvantage of each?