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Compensation and Government Regulations

Compare job-based pay with skill-based pay and provide an example of each. Determine which pay you would prefer. Support your decision.

Determine how government regulations affect compensation and if the regulations are needed. Support your position with examples.

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Job based pay is related to the job analysis and the requirements of a particular job. The employer pays in accordance to the expectations and needs of a given post. In contrast skill based pay is a pay system in which pay increases are related to the number or depth of skills an employee gets and applies. Skill based pay encourages the development of broader and deeper skills. Skills to which the pay is tied to includes an increase in the breath of the range of skills, the acquiring of skills ...

Solution Summary

This solution explains the need for and the objectives of labor laws. The sources used are also included in the solution.