Compensation management in a knowledge-based world
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In your own words, describe why base pay rates vary between employees performing different assignments in the same organization and why pay rates vary for people doing similar work in different organizations.
You are required to use at least your textbook as source material for your response.
Course Textbook
Henderson, R. I. (2006). Compensation management in a knowledge-based world (10th ed.). Upper Saddle River, NJ: Prentice Hall.
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Solution Summary
Exploring base pay rate variations between employees performing different assigmenments within the same organization. Over 350 words, 1 reference.
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Base pay rates can vary between employees performing different assignments within the same organization for many reasons. Some of those may be the education level of the employee as well as the education level required for the specific position and 'what role the position plays in the organization, the complexity of the required responsibilities and tasks, and market and sector comparisons" (HR Council for the Nonprofit Sector, 2012, para 10). Other factors may include whether the employee is a full time employee or a contracted employee as well as the budget the organization has ...
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