Question: a)Define Pay Structure.Discuss why pay structure is an essential component of compensation management? b)What benefits does an effective pay structure provide to an organization?What negative

a)Define Pay Structure.Discuss why pay structure is an essential component of compensation management?

b)What benefits does an effective pay structure provide to an organization?What negative consequences may result from the implementation of an ineffective pay structure?

c)Describe the steps one should take to implement a successful pay structure in his or her organization

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