5. (a) Consistent with the economic man theory, compensation is one of the main reasons informing a persons decision to seek employment. Given briefly discuss five implications of getting it wrong. (5 mks)

(b) Your organization is having a difficult time deciding amongst a lag, match or lead policy, discuss each in terms of their definitions and implications (directed learning) (5mks)

(c) It has been argued that there should be a relationship between what the company is trying to accomplish and their reward systems? Why do you believe this makes sense, both to employees as well as the employer? (5mks)

(d)If you were to start a business, which philosophy would you subscribe to: entitlement, performance, or dual? Why? Be sure to provide appropriate definitions. (5mks)