Chapter 4: Components of Compensation Strategy
Solution Manual for Strategic Compensation in Canada Canadian 6th Edition Long Singh 0176657169 9780176657161 Download full solution manual at: https://testbankpack.com/p/solution-manual-for-strategic-compensationin-canada-canadian-6th-edition-long-singh-01766571699780176657161/
CHAPTER 4 Components of Compensation Strategy ESSENTIAL OUTCOMES If nothing else, my students should learn: 1. The wide range of compensation mix choices that are available to an employer. 2. How to select the compensation mix choices that best fit a given firm.
LEARNING OUTCOMES After completing this chapter, students should be able to: •
Define base pay and discuss its advantages, disadvantages, and applicability.
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Define performance pay and discuss its advantages, disadvantages, and applicability.
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Define indirect pay and discuss its advantages, disadvantages, and applicability.
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Identify and differentiate between the three main methods for establishing base pay.
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Define market pricing and discuss its advantages, disadvantages, and applicability.
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Define job evaluation and discuss its advantages, disadvantages, and applicability.
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Define the pay-for-knowledge system and discuss its advantages, disadvantages, and applicability
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