week 1 Compensation & Benefits Management

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  1. What are the two organizational compensation goals described in this unit? What other goals for compensation can you think of? Why do think these were not included? (2 points)
  2. Define the following terms: (7 points)
  3. Compensation
  • External equity
  • Internal equity
  • Wage level
  • Wage structure
  • Ability to pay
  • Wage compression
  1. Why are organizations concerned with compensation as a managerial tool? (2 points)
  2. Identify some of the ways in which society has influenced compensation decision making? (2 points)
  3. Why has the issue of compensation practices become such a hot topic? (2 points)
    • 8 years ago
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