Problem: In your own words, describe why base pay rates vary between employees performing different assignments in the same organization and why pay rates vary for people doing similar work in different organizations.
You are required to use at least your textbook as source material for your response.
Course Textbook:
Henderson, R. I. (2006). Compensation management in a knowledge-based world (10th ed.). Upper Saddle River, NJ: Prentice Hall.