Question: What Do I Need to Know? After reading this chapter, you should be able to: LO 1 2 - 1 Identify the kinds of decisions

What Do I Need to Know?
After reading this chapter, you should be able to:
LO 12-1 Identify the kinds of decisions involved in establishing a pay structure.
LO 12-2 Summarize legal requirements for pay policies.
LO 12-3 Discuss how economic forces influence decisions about pay.
LO 12-4 Describe how employees evaluate the fairness of a pay structure.
LO 12-5 Explain how organizations design pay structures related to jobs.
LO 12-6 Describe alternatives to job-based pay.
LO 12-7 Summarize how to ensure that pay is actually in line with the pay structure.
LO 12-8 Discuss issues related to paying employees serving in the military and paying executives.

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