Four policy issues in the pay model
1. What are the four policy issues in the pay model? What purposes do the objectives in the pay model serve?
2. Three tests for any source of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage?
3. Why is internal alignment an important policy in a strategic perspective of compensation?
4. Internal structures are part of the incentives offered in organizations. Look into any organization: your college, workplace, or the grocery store where you shop. Describe the flow of work. How is the job structure aligned with the organization’s business, the work flow, and its objectives? How do you believe it influences employee behaviors?
