What is a relevant market? What difference does it make when determining people’s pay?
Answer to relevant QuestionsCan you think of any companies that follow a lag and/or lead policy? Why do they believe it pays to pay differently? Can you think of any companies that follow performance driven and/or work/life balance policies? What do surveys have to do with pay discrimination? Companies focus heavily on cost-saving strategies to be competitive today. Identify both monetary and nonmonetary ways of cost saving that would be relevant to a compensation person's job. How would you design a pay-performance system that uses powerful incentives to motivate behavior, yet keep the behavior from veering into unethical? As HR director at Crangle Fixtures, your bonus this year is based on your ability to cut employee benefit costs. Your boss has said that it’s okay to shift some of the costs over to employees (right now they pay nothing ...
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