Compensation strategies | Management homework help

Establishing Pay Rates ( At least 400 worlds)

1. Explain the two items on the report that you feel would be the most influential to a company EMPLOYING this position related to the position’s compensation.  How can this information be helpful to a company establishing pay structures? Describe in detail why these two items would influence the compensation of the position.

2.  Describe how you think this position should receive pay increases over time (consider different pay for performance strategies or seniority based pay increases). Explain a specific compensation structure that would motivate an individual in this position (utilize the motivation theory discussed in the text to support your response).