Direct and indirect financial compensation

1. What is the difference between direct and indirect financial compensation?

2. Pay for each individual in the United States is set relative to three groups. Name them and explain why each is important.

3. What is pay satisfaction? Why is it so difficult to measure it and to relate it to a compensation system?

1. Linking pay and productivity has been around since the das of the Babylonians. How much do we really know about the relationship?

2. What is the difference between equal pay and comparable worth? Why are these concepts so important?

1. In locating a new office that would employ about 300 employees how would compensation play a role in making the decision for where the new office should be located?

2. How would you go about deciding if a pay survey you want to buy had the necessary characteristics to be useful to your organization?

Solution:

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