Use Exhibit 18.14 to explain how the research on individual decision making can be used in pay communication.
Answer to relevant QuestionsWhat are the four policy issues in the pay model? What purposes do the objectives in the pay model serve? Three tests for any source of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage? Job analysis has been considered the cornerstone of human resource management. Precisely how does it support managers making pay decisions? What are the advantages and disadvantages of using more than one job evaluation plan in any single organization? 1. How would you have reacted if you were Ms. Allen? Explain why. 2. Put yourself in the place of the compensation director at Ms. Allen’s company. Based on the pay model and what you now know about compensation, are there ...
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