Question: 1. Discuss and provide examples of the two primary ways direct financial payments are made to employees. Compare compensation for managers and professionals with compensation

1. Discuss and provide examples of the two primary ways direct financial payments are made to employees. Compare compensation for managers and professionals with compensation for clerical or production workers.
2. Compare and contrast competency-based pay with traditional job-based pay.
3. Explain the primary factors involved in determining compensation for a firm's CEO. Discuss what reasons best explain the compensation reductions for top executives in recent years.
4. Demonstrate your understanding of these terms by using them correctly. Creativity is encouraged, but not required; a realistic scenario would be best. Do not simply provide a definition for the terms. Terms: Fair Labor Standards Act, exempt/non-exempt, child labor, and 1963 Equal Pay Act.

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