Discussion Post: Compensation Management Examination
Part I: Answer each of the following questions in one or two paragraphs.
• Compare and contrast the pay and employment practices common in Japan with the pay and employment practices common in Germany.
• What are the factors that affect external competitiveness in pay levels? How does each factor contribute to the overall pay level and mix decisions?
• What are some of the ways used to judge a job analysis to ensure it's an effective organizational tool?
Part II: Answer each of the following questions in one to four sentences.
• How can describing a present value of a stream of earnings be used to help a possible new hire overcome objections to a small starting salary?
• Define differentials and discuss some of the major factors that go into determining them.
• List and describe the four major cost-containment strategies for benefits.
• Which type of performance appraisal is considered the most effective for employee development? Why is this one considered more effective than the others?
• List and describe the four policy decisions that make up the left side of the pay model.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.