By the end of this chapter, you should be able to:
• Define the characteristics of an effective compensation program.
• Write effective generic and specific job descriptions.
• Conduct position evaluations.
• Differentiate between and among various compensation programs.
Joanna and Marcus work as senior compensation analysts in the HR department of a mid-sized bank. Lucy, the VP of compensation, has asked them to put aside whatever they’re working on to conduct a thorough review of the bank’s compensation program. The reason: The bank has just been hit with a salary discrimination class action ...