Question: Course: Human Resources management Explain and contrast job-based compensation structures including point-based job evaluation and market-pay to determining employee compensation. Now, contrast this with person-based

Course: Human Resources management

Explain and contrast job-based compensation structures including point-based job evaluation and market-pay to determining employee compensation. Now, contrast this with person-based compensation that is linked to an employees knowledge, skills, and competencies. Is there a gold standard or does the best approach depend on your organizations operations, industry, and pay strategy? Why/Why not?

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