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Chapter+11+Lecture+Outline - Develop a job structure a Job...

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Chapter 11 – Pay Structure Decisions Lecture Outline 1) Importance of pay to employers 2) Factors that influence pay levels a) Managerial compensation philosophy b) Worth of individual jobs c) Labor market conditions d) Geographic location e) Presence of collective bargaining 3) Benchmarking
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a) To avoid anti-trust i) Identity ii) Aggregate iii) Age iv) Participants v) Proportion 4)
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Unformatted text preview: Develop a job structure a) Job evaluation i) Compensable factors b) Pay grades 5) Challenges a) De-layering (broad-banding) b) Skill based pay i) Advantages ii) Disadvantages 6) Legal issues a) EEO (Title VII) i) Comparable worth b) Davis-Bacon Act (1931) c) Walsh-Healy Act (1936) d) Fair Labor Standards Act of 1938 (FLSA)...
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