The Pay Model and Pay Strategy is key to understanding how to design a compensation system that can help an organization achieve success and sustain competitive advantage. How people are paid affects their behaviors at work. Critical in compensation design is thoughtful strategic alignment. Instruc...
The Pay Model and Pay Strategy is key to understanding how to design a compensation system that can help an organization
achieve success and sustain competitive advantage. How people are paid affects their behaviors at work. Critical in
compensation design is thoughtful strategic alignment.
Instructions: Using the first two chapters of the Compensation textbook, videos, and additional resources, answer the
questions completely.
• Describe the objectives of the pay model. Give an example of each.
• How do the objectives set the standards to judge success?
• Explain why one company can have different pay objectives for different business units. • Define the four (4) policy
choices in the pay model. How do the policies create guidelines to manage pay? Give examples of each.
Unit 1 Assignment The Pay Model and Pay Strategy
Post University
Compensation and Benefits: HRM 307.30
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.