Assignment task: Cite 2 outside scholarly sources and (textbook AUTHOR: Martocchio, J. (2020). Strategic Compensation: A Human Resource Management Approach. Boston: Pearson Education.
Question 1: How can incentive pay systems, when properly applied, contribute to companies meeting the goals of lowest cost and differentiation strategies?
Question 2: Compare and contrast the various multi skill-based pay systems - the stair-step model, the skill blocks model, the job-point accrual model, and the cross-departmental model.