Question: 1. Pay level (whether to be a pay leader, a pay follower, or competitive, with respect to competitors 2. Pay structure (how to determine the
1. Pay level (whether to be a pay leader, a pay follower, or competitive, with respect to competitors
2. Pay structure (how to determine the relative pay of different jobs within the organization)
3. Individual pay (what factors should determine differences in pay across individuals who hold the same job within the organization)
List and explain 2 factors that are likely to affect 2 of these decisions (i.e., 4 factors total). These factors could be internal to the organization (e.g., the CEOs values, the relative abundance of resources) or external to the organization (e.g., labor market conditions). Use a specific organizational example to illustrate how these factors could affect the decisions.
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