5. 10-5. After Walmart raised its minimum starting pay to $10 an hour, some longer-term employees (like one earning $12 per hour) complained that the strictly entry-level increase was unfair to them. And when the head of a company called Gravity Payments decided to pay all his employees at least $70,000 a year, some longer tenure employees complained that it was unfair to raise new peoples salaries and not theirs. 117 How should Walmart and Gravity address these complaints?

6. 10-6. Define and give an example of how to conduct a job evaluation.

7. 10-7. Explain in detail how to establish a market-competitive pay plan.

8. 10-8. Explain how to price managerial and professional jobs.