compensation plan
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Title: compensation plan

Essay Details:

Subject: Business
Author: Henrietta L
Date: July 27, 2013
Level:
Grade: A
Length: 4 / 1083

Essay text:

InterClean will need to be objective when instituting the new pay system, and areas of fairness and equity will be assessed. The three areas of equity cover internal equity relating to the actual worth of the jobs to the organization, external equity covering wages paid and are the wages paid fair considering market rates outside the organization. The third equity is individual and defined means is each individual rate of pay fair and relative to that of others that do the same job (Cascio, p.419.). To develop the pay system InterClean will have to look at assigning monetary value to each job...

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