Chapter 7 -- Defining competitiveness - College of Business ...

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Learning Objectives After studying Chapter 7, students should be able to: 1. Explain the importance of external competitiveness to the pay model. 2. Discuss the factors that influence external competitiveness. 3. Discuss the difference between labor market, product market, and organizational factors in determining external competitiveness. 4. Explain the different pay policy decisions and the consequences of using each. 7 - 4 McGraw-Hill/Irwin © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
7 - 5 External competitiveness External competitiveness refers to the pay relationships among organizations - the organization’s pay relative to its competitors. McGraw-Hill/Irwin © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
Page 1 and 2: Part II External Competitiveness: D
Page 3: 7 - 3 Chapter 7 Defining Competitiv
Page 7 and 8: 7 - 7 Pay level refers to the avera
Page 9 and 10: 7 - 9 Pay Level Decisions Impact La
Page 11 and 12: 7 - 11 Labor Demand ! The marginal
Page 13 and 14: 7 - 13 Labor Demand Theories and Im
Page 15 and 16: Competitive Pay Policy Alternatives
Page 17 and 18: Some Consequences of Pay Levels 7 -
Page 19 and 20: 7 - 19 Review Questions 1. Distingu

Chapter 7 -- Defining competitiveness - College of Business ...

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