Chapter 1: Strategic Compensation: A Component of Human
Describe what compensation is and give at least three examples of core
compensation practices and at least three examples of employee benefits practices.
Chapter 3 Traditional Bases for Pay: Seniority and Merit
Describe seniority and longevity pay practices.
List at least three elements of merit pay.
Give examples and definitions of performance appraisal methods.
Explain at least three
Chapter 4: Incentive Pay
Explain two reasons why companies use incentive pay.
Concisely provide a contrast between incentive pay methods and traditional pay
List three categories of incentive pay plans.
Define individual incen
Chapter 6 Book Notes:
Internal Consistency (118):
- Internally Consistent Compensation Systems: clearly define the relative value of
each job among all jobs within a company
o Jobs that require higher qualifications, more responsibilities, and more
Chapter 5 Book Notes:
Defining Person-Focused Pay: Competency-Based, Pay-For-Knowledge, and Skill-Based
- Person-Focused pay Plan/Competency-Pay Plan: generally reward employees for
acquiring job-related competencies, knowledge, or skill rather
For my chapter brief I chose Nordmeyers article, What is the Seniority System and How Has It
Declined in Importance? because I was curious about how well the Seniority Pay system has upheld
since the writing and publication of
Heather Nester Chapter 6 Paired Comparison Compensation Brief
For this brief I picked the article Paired Comparison: Simple, Inexpensive, and it Works
by Stephen Bruce. Paired Comparison, useful where multiple jobs need to be rated and
Chapter 1: Strategic Compensation
Exploring and Defining the Compensation Context (3):
- Intrinsic Compensation: reflects employees psychological mind-sets that result from
performing their jobs
- Extrinsic Compensation: includes both monetary and nonmone
Chapter 2: Contextual Influences on Compensation Practices
Employment Laws that Influence Compensation Tactics (24):
- Freedom to contract is crucial to freedom of the market
- Federal Constitution: forms the basis for employment laws
o Article 1 Section
For my chapter brief I chose Pearsalls article, 50 Years after the Equal Pay Act, Parity Eludes
Us. Pearsall goes through and comments that the Equal Pay Act of 1963, prohibiting sex discrimination
in pay for employees performing equal work,