Question: a. EXPLAIN THE FIVE (5) STRATEGIC COMPENSATION CHOICES b. EXPLAIN THE DISTRIBUTIVE JUSTICE IN DETERMINING THE PAY STRUCTURE c. STATE THREE (3) FACTORS THAT SHAPE
a. EXPLAIN THE FIVE (5) STRATEGIC COMPENSATION CHOICES
b. EXPLAIN THE DISTRIBUTIVE JUSTICE IN DETERMINING THE PAY STRUCTURE
c. STATE THREE (3) FACTORS THAT SHAPE PAY STRUCTURE.
d. DEVELOP A SKILL-BASED STRUCTURE LADDER FOR A MULTI-SKILL EMPLOYEE WITH THE AID OF A TABLE
e. DISCUSS FOUR (4) ADVANTAGES OF USING THE SKILL-BASED STRUCTURE
f. ILLUSTRATE HOW THE LABOUR DEMAND THEORIES AFFECT COMPENSATION DECISION MAKING.
g. BASED IN THE EFFICIENCY WAGE THEORY, EXPLAIN THIS FIVE STATES CONDITIONS IN WHICH A COMPANY CAN INCREASE EFFICIENCY WITH HIGH WAGES .
. The higher the wage, the less likely it is that an employee would be able to find another job that pays as well.
. Reduce the need to supervise employees
. Lower turnover
. Increase worker effort.
. Attract higher-quality applicants
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