6 Building Internally Consistent Compensation Systems

Learning Objectives

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

  1. 1 Explain the concept of internal consistency.

  2. 2 Summarize the practice of job analysis.

  3. 3 Describe the practice of job evaluation.

  4. 4 Summarize various job evaluation techniques.

  5. 5 Explain how internally consistent compensation systems and competitive strategy relate to each other.

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