Description
"Compensation and Government Regulations" Please respond to the following:
- Compare job-based pay with skill-based pay and provide an example of each. Determine which pay you would prefer. Support your decision.
- Determine how government regulations affect compensation. Why were the laws, on which these regulations are based, passed by Congress or State legislatures? Are the regulations still needed? Support your position with examples and with recognized authorities in the field.
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Running head: COMPENSATION AND GOVERNMENT REGULATIONS
Compensation and Government Regulations
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Institution
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COMPENSATION AND GOVERNMENT REGULATIONS
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Compensation and Government Regulations
Job-based versus Skills-based Compensation
Job-based compensation is a conventional approach to compensating employees based on
the work schedules they perform rather than performance. The payment structure provides a
range of salaries based on the tasks performed, and any varianc...