End of Chapter Review
MyManagementLab
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Summary
Learning Objective 1: Pay structures assign different pay rates for jobs of unequal worth and provide the framework for recognizing differences in individual employee contributions. Compensation professionals develop pay structures based on five steps: deciding on a number of pay structures, determining the market pay line, defining pay grades, calculating pay ranges for each pay grade, and evaluating the results.
Learning Objective 2: Merit pay systems reward employees for past performance. The key considerations include merit ...
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