Chapter 7 -- Defining competitiveness - College of Business ...
Chapter 7 -- Defining competitiveness - College of Business ...
Chapter 7 -- Defining competitiveness - College of Business ...
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Summary<br />
! There is no “going rate,” thus managers make conscious<br />
pay level and mix decisions influenced by several<br />
factors.<br />
! There are both product market and labor market factors<br />
that impact the pay level and mix decisions.<br />
! Alternative pay level and mix decisions have different<br />
consequences.<br />
! Pay policies need to be designed to achieve specific pay<br />
objectives.<br />
! To achieve the objectives stipulated for the pay system,<br />
both the pay level and mix must be properly positioned<br />
relative to competitors.<br />
7 - 18<br />
McGraw-Hill/Irwin<br />
© 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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