Question: 1. How can companies develop compensation programs that are both internally consistent and market competitive? 2. What are some of the challenges with this goal?

1. How can companies develop compensation programs that are both internally consistent and market competitive?

2. What are some of the challenges with this goal? Which do you feel is the most important for a company's competitive advantage: Internal Consistency or Market Competitiveness?

3. What are some of the pros and cons to each of these areas, along with some of the complications of managing both? Explain your answers in detail. How should performance management best tie into this equation?

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