Why is internal alignment an important policy in a strategic perspective of compensation?
Answer to relevant QuestionsDiscuss the factors that influence internal pay structures. Based on your own experience, which ones do you think are the most important? Why? Job analysis has been considered the cornerstone of human resource management. Precisely how does it support managers making pay decisions? How does job evaluation translate internal alignment policies (loosely coupled versus tight fitting) into practice? What does (a) Organization strategy and objectives, (b) Flow of work, (c) Fairness, and (d) Motivating ...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. Can 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?
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