Answer each question and provide a source for each question.
1. Explain a person-based pay system and a job-based pay system. Be certain to point out major differences between them.
2. Choose and discuss 3 major laws that relate to compensation management.
3. Explain job analysis and job evaluation. Describe the difference between the two.
4. How can a company go about recognizing the differences in employee contributions through compensation?
5. What are the components of building a market-competitive pay system?
6. What needs to be considered when designing a merit pay system?
7. Describe the process of creating a pay structure.