Question 2 (50 Marks) Discuss and explain the considerations when building market competitive compensation system In your opinion Can companies easily develop compensation systems that are both internally consistent and market competitive Hints You are requested to do a good deal of research to answer this question to cover and discuss the following points considerations when building market competitive compensation system strategies to build internally consistent compensation system personal opinion regarding the possibility of a company to easily develop compensation systems that are both internally consistent and market competitive

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Question: Question 2 (50 Marks) Discuss and explain the considerations when building market-competitive compensation system. In your opinion Can companies easily develop compensation systems that are

Question 2 (50 Marks)

Discuss and explain the considerations when building market-competitive compensation system. In your opinion Can companies easily develop compensation systems that are both internally consistent and market competitive?

Hints:

You are requested to do a good deal of research to answer this question to cover and discuss the following points.
1. considerations when building market-competitive compensation system
2. strategies to build internally consistent compensation system
3. personal opinion regarding the possibility of a company to easily develop compensation systems that are both internally consistent and market competitive

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