Is it true that Person-focused pay plans are least preferable compared with individual incentive pay programs?

what strategies can an organization adopt  to develop effective compensation and benefits packages  ?

How does the implementation of a compensation plan contribute to the strategic goals and overall success of companies?

Which competitive pay policy would you recommend to an employer? Why? Does it depend on circumstances faced by the employer? Which ones?

Some argue that Merit pay grids have the potential to undermine employee motivation.  How might Merit pay grids to increase motivation? How might they decrease motivation?  Why?

Is pay-for-performance a better model than existing models of compensation? Are there limitations to it as well?

What are employee benefits? Explain how they are a major part of the compensation package. Review a current compensation package and determine if it is adequate and fair given the tasks needed in the job.

Discuss the trends that are leading to the increased interest in variable pay.

What are some potential problems with closely tying employee pay to company performance?

Answer the following questions on different pay systems 1. Discuss the Merit pay system. How does the merit pay system differ from the incentive pay system? 2. Describe the seniority pay system and explain its advantages and disadvantages.