Question: 1) Discuss why an effective compensation system is so important to most organizations. 2) Discuss why a compensation system must be viewed in the context

1) Discuss why an effective compensation system is so important to most organizations.

2) Discuss why a compensation system must be viewed in the context of the total reward system.

3) Discuss the five steps in designing an effective compensation system.

Chapter 2 - Discussion Questions

1) If a compensation system works well for one business, that same compensation system should also work well for other businesses. Discuss whether this statement is true, why or why not?

2) Using the concept of fit, discuss the types of compensation and rewards that would work best for each of the three managerial strategies.

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