*** Mathyguy 18*** Comp and Benefits

Question 1

You are a supervisor in a company that is a low payer relative to your competitors. What are some things you can do to increase the likelihood that workers will feel fairly treated? Do you feel that these things will improve the manner in which the workers treat internal and external customers? Why or why not?

Question 2

Describe the differences that exist between a lead pay-level policy and a lag pay-level policy. Why do some companies believe that it pays to pay differently?

Question 3

Describe how each pay-for-performance plan can help an organization attract and retain employees.

Question 4

A typical structure within colleges is instructor, assistant professor, associate professor, and full professor. What type of pay structure would this be classified as, egalitarian of hierarchical? What added information would you need to decide? What behavior by the faculty do you believe the structure influences? Is it aligned or difficult to copy? Does it add value? Why or why not?