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Explain the role of compensation surveys

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Assignment

Question #1

Explain the role of compensation surveys. Why is it important to update survey data?

Question #2

Explain market pay line. How is it used in the context of pay level policies such as market lead, market lag, and market match?

Question #3

Can companies easily develop compensations that are both internally consistent and market competitive? What are some of the challenges to this goal?

Question #4

Which do you believe is most important for a company's competitive advantage: internal consistency or market competitiveness? Explain your answer.

Question #5

Discuss how compensation professionals integrate job structures with external market pay rates.

Question #6

Present the basic concepts of two compensation policy types: pay mix and pay level.

Reference no: EM131273630

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