15 Set Question 1
1
Before reading any of the material for class today, answer the following question: What
criteria should an organization use to develop a compensation system (pay system) for employees?
To develop a compensation system, they should determine whether they are paying a salary or by the
hour. Are all employees paid this way? Are some paid differently? They have to compare the level of
work and expertise needed for each position and how they will pay top management compared to lower
management compared to entry level workers, and what will be the difference between these levels? give Will
they bonuses and based on what? Will they give raises, and if so, when? When will the pay period
begin and end? How will they pay when it comes to overtime? How many sick days will they give? What
about maternity leave?
Set 15 Question 2
2.
True or False. Compensation is a function of supply and demand. Fully explain and provide
examples from the reading.
Set 15 Question 3
3.
True or False: Benchmark jobs are an important consideration when examining external equity.
Set 15 Question 4
4.
Based on your reading in the textbook, what law do you think Forever 21 violated? Explain.