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Establishing Pay Plans

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Establishing Pay Plans
PART FOUR COMPENSATION | |
| | | |
|CHAPTER | |T Eleven |
| | | |
| | | |
|Establishing |11 | |
|Strategic Pay Plans | | |
|Lecture Outline | | |
|Strategic Overview |In Brief: This chapter covers the basics of compensation.| |
|Determining Pay Rates |Included are basic considerations in determining pay | |
|Corporate Policies and Competitive Strategy |rates, establishing pay rates, current trends in | |
|Equity and Its Impact on Pay Rates |compensation, pricing managerial and professional jobs, | |
|Establishing Pay Rates |and current issues in compensation management. | |
|Step 1. The Salary Survey | | |
|Step 2. Job Evaluation
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