Unit 4 Assnment (HRM307)
Read the appropriate chapters from our class textbook.
Briefly answer the following questions on or before Saturday 11:59pm
Note: If you are not with an organization at present, use this as an opportunity to gather information from another person about these questions or conduct your own research on-line about a specific organization.
- With whom does your organization compete in terms of compensation and benefits?
- What is your companys competitive pay strategy? Do they attempt to pay more, the same or less than the competitive average in your area and why?
- What is your companys policy regarding communications of salary grades and ranges? Why do they do what they do?
- Explain the difference between salary ranges and salary bands. Which does your employer use and why?
- What is a competitive pay line (or market line) and how is it used?
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