1. What is the difference between these two sets of companies? Is it simply that one set...
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2. What can an employer do to make labor costs flexible so that profits do not take as much of a beating during difficult economic times and so that fewer employees need to be laid off?
3. If you were in charge of designing a compensation system for a company that is fairly new, but is now reaching a stage and size where it needs a formal compensation system, how would you design the compensation system to have labor cost flexibility? To what degree would you have others at the company participate in the design of the new compensation system? Who would participate? Would you follow a policy of pay openness in communicating your compensation system? Provide a rationale for your decisions.
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Compensation
ISBN: 978-0078029493
11th edition
Authors: George Milkovich, Jerry Newman, Barry Gerhart
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