Select a familiar company or analyze the approach your college uses to pay teaching assistants or faculty. Infer its compensation strategy using the five dimensions (objectives, alignment, competitiveness, employee considerations, and management). How does your company or school compare to Microsoft and Merrill Lynch? What business strategy does it seem to “fit” (i.e., cost cutter, customer centered, innovator, or something else)?
Answer to relevant QuestionsContrast the essential differences between the best-fit and best-practices perspectives. Discuss the factors that influence internal pay structures. Based on your own experience, which ones do you think are the most important? Why? Describe the major decisions involved in job analysis. Why bother with job evaluation? Why not simply market-price? How can job evaluation link internal alignment and external market pressures? 1. Think about the research evidence discussed in the book. Would you expect the Sullivan & Cromwell associates to feel their pay structure is fair? What comparisons would they likely make? What work behaviors would you ...
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