(Answered) Pay systems are designed to meet four basic objectives

Management Studies

Pay systems are designed to meet four basic objectives: Efficiency, fairness, compliance, and ethics. Rank them by importance (1-4), and defend your position.

A pay model has four basic policies: Internal alignment, competitiveness, contributions, and management. Why is internal alignment an important policy in a strategic perspective of compensation?

Assess the value of the following theories: Equity Theory, Tournament Theory, and Institutional Theory.

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