Human Resource Management Final Exam

Four main compensation system design choices
Legal requirements, market forces, organization’s goals, pay level decision, job structure decision, pay structure decisions
external equity
how does the firms salary structure match up to the external labor market?
internal equity
how internally consistent is the pay structure?
benchmarking
a procedure in which an organization compares its own practices against those of successful competitors

Get access to
knowledge base

MOney Back
Guarantee
No Hidden
Charges
Unlimited
Knowledge base
Become a Member