Description
Assignment: 9020D5210416
• Q1. (250-300 words)
o What is a pay system?
o What does an effective pay system consider or consist of?
o Discuss a few of the different types of pay systems:
Performance-Based (or merit/achievement)
Membership/Seniority
Equity
Market Rate (or going rate)
Pay Grade
Knowledge/Skill-Based
• Q2. (150-200 words)
o Which type of pay system would motivate YOU to work harder and be more productive?
o What is it about that pay system that you see motivational value in?
• Q3. (75-100 words)
o How important is salary as a basis for your motivation?
o Why is that?
