HRM 4485-WK4- Surveys and Market Data

User Generated

vaarrqbsuryc

Business Finance

HRM 4485

Troy University

Description

Describe how organizations use surveys and market pay to set their employee's pay and incentives. What does it mean to lead, lag, or match the market and when would each approach be appropriate. No more than one page and must be atleast 4 references provided

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Explanation & Answer

Please find attached. Let me know if you need any clarifications. Thank you.

Outline
I.

Introduction

II.

Conclusion

III.

References


Running head: COMPENSATION STRATEGIES

Strategies for Developing Compensation Rates
Name
Institution
Instructor
Date

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COMPENSATION STRATEGIES

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Strategies for Developing Compensation Rates
The main factors to consider when developing a pay policy for the employees is that the
chosen approach should maximize the ability of the company to attract and retains employees
that possess the right qualifications. Additionally, the pay has to be competitive and be withi...


Anonymous
Excellent resource! Really helped me get the gist of things.

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