Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 11, Problem 2CE
Summary Introduction

To discuss: The task performed, skills needed, pay and opportunity outlook of the career.

Introduction: Compensation manager are those who plan, develop and oversee programs in which the employee must be compensated for his\her work.

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Remuneration packages need to be created, managed and distributed efficiently. This is where human resource professionals that specialize in compensation and benefits get involved. Why would an employer determine whether its benefit package is attractive to employees and equal, if not better, than that offered by other similar employers?
Merit pay plans appear to be the most common form of compensation in the United States. Although widely used, these systems are not suitable for all kinds of jobs. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate. Explain in detail why you chose the job for appropriate merit pay and the job you chose as not appropriate.
Merit pay plans appear to be the most common form of compensation in the United States. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate and another for which it may be inappropriate. What is the rationale for your choices?
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