Question: 1. What is job evaluation? Explain the differences between the major job evaluation systems, noting the advantages and disadvantages. 2. Describe the basic steps in

1. What is job evaluation? Explain the differences between the major job evaluation systems, noting the advantages and disadvantages.

2. Describe the basic steps in conducting a wage and salary survey. What are some factors to consider?

3. One of the objections to granting wage increases on a percentage basis is that the lowest paid employees get the smallest increase, while the highest paid employees get the largest increase. Is this objection a valid one? Why?

4. What is a compensation score-card? How does it help align a companys strategy with its compensation system?

5. What are some advantages and disadvantages of a pay-for-performance policy?

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