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A fundamental premise of a market-based economy is that each individual has the opportunity - via education, experience, hard, work and so on to enhance his or her job earning potential. As a result, some employees might enjoy greater earnings than their colleagues. Evaluate how an organization can make a fair, market-competitive compensation system which gives greater rewards for those who earn it, yet is viewed as fair and equitable by the organization.

The job description is frequently termed to as the building block of human resources. Nearly every employment action - recruitment, compensation and discipline and so on is predicated on an efficient job description.

Nowadays, there is considerable debate whether job descriptions must be broader and more generic, versus narrow and more specific. Differentiate between the merit and demerit of each approach, and which you see as the more preferable approach.

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