Question: External Competitiveness: Determining the Pay Levels - Submissions Answer the following: Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness

External Competitiveness: Determining the Pay Levels - Submissions

Answer the following:

  1. Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important?
  2. What factors shape an organization's external competitiveness?
  3. What does marginal revenue product have to do with pay?
  4. What pay level does the efficiency wage predict? Does the theory accurately predict organizational behavior? Why or why not?
  5. What is a relevant market? What difference does it make when determining people's pay?
  6. Identify companies that follow a lead policy. Why do they believe it pays to pay differently?

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