Question: QUESTION THREE [20] The method by which individuals are paid for performing their jobs constitutes the pay system of the organisation. A compensation system may

QUESTION THREE [20]

The method by which individuals are paid for performing their jobs constitutes the pay system of the organisation. A compensation system may therefore include a time-based salary, supplemented annually with merit-based pay. Speculate on what is meant by time-based salary, appraise the limitations of the time-based salary system, and propose how broad banding may overcome these limitations.

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