Question: Unit 1 Discussion Questions Explain the similarities and differences between merit pay, incentive pay, and person-focused pay. Explain the role of performance appraisals in merit

Unit 1 Discussion Questions

  1. Explain the similarities and differences between merit pay, incentive pay, and person-focused pay.

  1. Explain the role of performance appraisals in merit pay programs.

  1. Discuss how compensation professionals contribute to a firms competitive advantage.

  1. Are the three main elements of compensation systemsinternal consistency, market competitiveness, and recognizing employee contributionsequally important, or do you believe that they differ in importance? If different, which do you believe is most important? Least important? Give your rationale.

  1. Define compensation according to the author of the textbook for this course.

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