Fundamentals of Human Resource Management, 5/e

10 Developing Compensation Plans

Overview:

In this chapter, we will cover . . .

1. The Basic Factors in Determining Pay Rates

2. Job Evaluation Methods

3. Pricing Managerial and Professional Jobs

4. Contemporary Topics in Compensation

5. Employee Engagement Guide for Managers

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Learning Objectives

When you finish studying this chapter, you should be able to:

1. List the basic factors determining pay rates.

2. Define and give an example of how to conduct a job evaluation and set pay rates.

3. Explain how to price managerial and professional jobs.

4. Explain the difference between competency-based ...