week 1 Compensation & Benefits Management
tedy.r- What are the two organizational compensation goals described in this unit? What other goals for compensation can you think of? Why do think these were not included? (2 points)
- Define the following terms: (7 points)
- Compensation
- External equity
- Internal equity
- Wage level
- Wage structure
- Ability to pay
- Wage compression
- Why are organizations concerned with compensation as a managerial tool? (2 points)
- Identify some of the ways in which society has influenced compensation decision making? (2 points)
- Why has the issue of compensation practices become such a hot topic? (2 points)
13 years ago
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