Question: 1. How does the pay model help organize ones thinking about compensation? 2. Under what circumstances would one of the four basic pay policies be

1. How does the pay model help organize ones thinking about compensation?

2. Under what circumstances would one of the four basic pay policies be emphasized relative to the others?

3. Discuss how three tests can be used to determine if a paid strategy can be a source of competitive advantage.

4. Describe the key arguments related to the two approaches best-fit vs. best-practices in developing a compensation strategy and system.

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