Question: What are the four policy issues in the pay model
What are the four policy issues in the pay model? What purposes do the objectives in the pay model serve?
Relevant QuestionsList all the forms of pay you receive from work. Compare your list to someone else’s list. Explain any differences. Reread Exhibit 2.7. Discuss how those values might be reflected in a compensation system. Are these values consistent with “Let the market decide”? A typical structure within colleges is instructor, assistant professor, associate professor, full professor. Is this egalitarian or hierarchical? What added information would you need to decide? What behaviors by the faculty ...1. Does the day diary include sufficient information? 2. Identify the specific information in the article that you found useful. 3. What additional information do you require? How would that information help you? Why does the process used in the design of the internal pay structure matter? Distinguish between the process used to design and administer a person-based and a job-based approach.
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