Please attempt to keep your answers to a paragraph or two. From the book compensation 11th edition George T. Milkovich
Cornell University Jerry M. Newman State University of New York–Buffalo Barry Gerhart University of Wisconsin–Madison
1. Explain with examples the “total returns” people receive from work.
2. Compensation for many people is an inherently personal and emotional issue. Express your opinion and give an example of how “taking compensation personally,” can play-out on the job.
3. Explain the key elements of The Pay Model and how it can be used to develop an organization’s pay strategy.
4. Can pay systems be effectively tailored to support differing business strategies? Explain your answer and give an example.