Assignment:
Question 1: The Nature of Compensation
For our first question, take a moment to think about compensation. What does compensation mean to you as an employee? Talk to your colleagues at your workplace. What do they think about compensation - and how well they are believe they are compensated. Are there issues? Is it really all about money? Is there a psychic component to compensation for you or for them? Conduct brief research and see what experts say is the effect of satisfied employees on a company's bottom-line.
Question 3: Pay Systems
Define each concept below. Include in your discussion, thoughts about the nuances or issues surrounding each concept and then demonstrate how they relate to one another.
1 Pay Philosophy
2 Pay Grades
3 Pay Systems
4 Job Classifications
5 Types of Pay
Attachment:- reference.rar