Question 1: Using compensation management theories and, human resource management principles and practices to illustrate your response, critically analyze the key reasons why young employees would support 'a merit-based wage system' instead of a seniority-based wage system? 

Question 2 "The pay and total compensation received by each employee relate almost directly to that individual's level in the organizational hierarchy and the kind of work he or she performs." Critically analyze this statement. Your response should include the following: 

a) Key theories that support the quality of employee performance.

b) Administration of contemporary employee's benefits plans.

c) Methods and approaches to designing, and administering International Compensation Plans

Answer rating: 100% (QA)

Question 1 Young employees may favor a meritbased wage system over a senioritybased one due to its a... View the full answer