Each question is worth 5 marks. 3 Question 21 (5 points) According to reward and compensation strategy discussed this term, the compensation system for a given employee group should differ from that of other employee groups if the behaviour required of it differs significantly from that of others. Name and explain three groups for whom the compensation system often differs dramatically from compensation norms. (5 marks) TO 12 15 I 18 3 3 Question 22 (5 points) As a Human Resources Manager, you need to create a competitive pay policy for your company to achieve several objectives. Those objectives are to: 1. adjust internal pay levels to changing competitor pay rates. 2. set the internal mix of pay types relative to those paid by competitors. 3. estimate the labour costs of product market competitors. Describe four (4) steps you will take to create a systematic process and collect relevant information to achieve the above objectives. (5 marks) Question 23 (5 points) A typical question for employers is how much compensation they should offer to their employees. As the employer, discuss some factors you would consider when making your decision. Include some information on potential pay strategies you could use. (5 marks) I > Question 24 (5 points) The task of job evaluation is to compare jobs with each other to create a pay structure that is fair, equitable, and consistent for everyone. There are several methods that organizations could utilize. a. Explain four (4) job evaluation methods. (4 marks) b. Which of the four (4) methods, in your opinion, is the most effective? Why? (1 mark)