What are the pros and cons of having employees involved in compensation decisions? What forms can employee involvement take?
Answer to relevant QuestionsWhy 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. Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? How would you design a survey for setting pay for welders? How would you design a survey for setting pay for financial managers? Do the issues differ? Will the techniques used and the data collected differ? Why or why not? Restco Products makes pillows and blankets specifically for passengers on airliners. For the past 15 years, profits in the airline industry have been hugely variable, partially because of labor unrest, gas prices, 9/11, and ...How would you design a pay-performance system that uses powerful incentives to motivate behavior, yet keep the behavior from veering into unethical?
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