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Differenc between the best-fit and best-practices

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Reference no: EM131289183

1.. The four policy issues in the pay model are (1) internal alignment, (2) external competitiveness, (3) employee contributions, and (4) administration of the pay system. Define the four policy issues in the pay model. What purposes do the objectives in the pay model serve? (225 Words)

2.Three tests for any source of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage? (225 Words)

3.How are compensation strategy and HR strategy central to successful business strategy? (225 Words)

4.Contrast the essential differences between the best-fit and best-practices perspectives. (225 Words)

Reference:

Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin

Reference no: EM131289183

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