Strategic compensation in canada canadian 6th edition long solutions manual 1

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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.

Define performance pay and discuss its advantages, disadvantages, and applicability.

Define indirect pay and discuss its advantages, disadvantages, and applicability.

Identify and differentiate between the three main methods for establishing base pay.

Define market pricing and discuss its advantages, disadvantages, and applicability.

Define job evaluation and discuss its advantages, disadvantages, and applicability.

Define the pay-for-knowledge system and discuss its advantages, disadvantages, and applicability

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