Question: Determine the Compensation Mix (9 marks) What role will be played by base pay, performance pay and indirect pay? How will each component be structured?

  • Determine the Compensation Mix (9 marks)
    • What role will be played by base pay, performance pay and indirect pay?
    • How will each component be structured? (i.e., what will be the foundation for base pay? - which do you recommend job evaluation, market pricing, or pay for knowledge)
    • What will performance pay be linked to? Group, organizational or individual performance?

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