Distinguish between nationwide and industry-wide pay determination. How do they compare to a business strategy-market approach?
Answer to relevant QuestionsHow do differing perspectives affect our views of compensation? Reread Exhibit 2.7. Discuss how those values might be reflected in a compensation system. Are these values consistent with “Let the market decide”? Develop arguments for and against “typical” Japanese-style, “typical” German-style, and “typical” U. S. -style approaches to pay. Using the global guide, what factors are causing each approach to change? Explain why changes in minimum wage can affect higher-paid employees as well. Is Ms. O’Neill exempt or non-exempt under the Fair Labor Standards Act? Which exemption would be most relevant in this case?
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