5 Person-Focused Pay

Learning Objectives

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

  1. 1 Define person-focused pay.

  2. 2 Describe the usage of person-focused pay.

  3. 3 Name and explain the reasons companies adopt person-focused pay programs.

  4. 4 Summarize the varieties of person-focused pay programs.

  5. 5 Contrast person-focused pay with job-based pay.

  6. 6 Explain the advantages and disadvantages of person-focused pay plans.

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