Problem 1: Consider the various components in a compensation philosophy.
Problem 2: Identify at least one practice within a compensation philosophy.
Problem 3: Discuss the benefits of the selected practice as well as possible limitations or drawbacks that can occur if not aligned with an organization's business strategy.
Problem 4: Discuss pros and cons of pay transparency.
Problem 5: Discuss why you would select either a base pay compensation system or a variable pay compensation system, and why your selection would work best for an organization.
Share your experiences in your narrative