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MyManagementLab

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Summary

  • Learning Objective 1: Market-competitive pay systems represent companies’ compensation policies that fit the imperatives of competitive advantage. Compensation professionals create market-competitive pay systems based on four activities: Conducting strategic analyses, conducting compensation surveys, integrating the internal job structure with external market pay rates, and determining compensation policies.

  • Learning Objective 2: Compensation surveys involve the collection and subsequent analysis of competitors’ compensation ...

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