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Three Pay Policies for an Organization

You are the compensation manager for a start-up internet company. The CEO wants to know what the best pay level policy is for this organization. Prepare a memo to the CEO explaining the three options the company can choose from and what your recommendation is, and why.

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Describe three pay level policies and pick the best one.

You are the compensation manager for a startup internet company. The CEO wants to know what the best pay level policy is for this organization. Prepare a memo to the CEO explaining the three options the company can choose from and what your recommendation is, and why.
must be 200 words

This memo will examine three pay level policies and provide a recommendation for a pay level policy. Salary Survey collects the systematic process of collecting salary compensation paid by other employers. The salary survey data is used to set the pay policy based on competition and used to create the policy for pay levels and structures. The survey information is broken down by employer based on local, national and employers providing the ...

Solution Summary

An organization needs to determine a pay policy that fits their culture and that is consistent. There are three pay policies that an organization should evaluate and follow.

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