Pay: Internal Alignment & External Competitiveness

Related BrainMass Solutions

• Define internal alignment, external competitiveness, pay system

  204190 Define internal alignment, external competitiveness, pay system Need some definitions for the following.

• competitive pay policy

  Question: Contrast pay ranges and grades with bands. Why would you use either? Does their use assist or hinder the achievement of internal alignment? External competitiveness?

• Pay Model Of Compensation

  POLICIES The policies should address internal consistency, external competitiveness (or alignment), external competitiveness, employee contribution and administration of the pay system.

• Policy issues, pay model, compensation, job analysis, evaluation

  What purposes do the objectives in the pay model serve? The four policy issues in the pay model include an internal alignment, external competitiveness, employee contributions and the management.

• Componets of Total Compensation Package

  How does the organization assess internal equity and external competitiveness? c. What internal and external factors have influenced the pay structure and external competitiveness? d. How do employees perceive the pay structure? e.

• Process of Developing a Competitive Compensation System

  Finally, the internal evaluation should be merged with the market pay rates. This method balances external competitiveness with internal equity to achieve a market based compensation program.

• Describe each step that must be taken in order to first ensure that the job structure is internally aligned, then that the pay structure is externally competitive, and then established a way to reward employee contributions.

  The Method of the above discussed Internal Alignment and External Competitiveness is job evaluation as described below: The major steps of job evaluation are as following: Preparing job description and job specifications: Job description has detail

• Four tenets of pay models

  The four policy issues that must be ascertained when considering a pay model entail 1. Internal consistency, 2. External competitiveness, 3. Employee contributions, and 4. Administration of the pay system.

• internal alignment

  Internal alignment is important for motivation; 4. The pay rises improves the strategic competitiveness of the army; 5. Internal alignment gives some protection to the army against union action. 6.