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HRM3705 SU7 CH8

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2021/2022 Written for academic year
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University Of South Africa (Unisa)
Course
HRM3705 - Compensation Management (HRM3705)
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STUDY UNIT 7- CHAPTER 8

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Chapter Topics


• Major Decisions
• Specify Competitive Pay Policy
•
COMPENSATION MANAGEMENT
The Purpose
p of a Survey
y
• Select Relevant Market Competitors
• Design the Survey
• Interpret Survey Results and Construct a Market line
• From Policy to Practice: The Pay-Policy Line
CHAPTER 8 (Study unit 7)
Designing pay levels, mix and pay
structures

, Chapter Topics

• Major Decisions
• Specify Competitive Pay Policy
• The
Th Purpose
P off a Survey
S
• Select Relevant Market Competitors
p
• Design the Survey
• Interpret Survey Results and Construct a Market line
• From Policy to Practice: The Pay
Pay-Policy
Policy Line

, Chapter Topics (cont.)

• From Policy to Practice: Grades and Ranges
• From Policy to Practice: Broad Banding
• Balancing Internal and External Pressures: Adjusting
the Pay Structure
• Market Pricing
• Review

, Exhibit 8.1 Determining Externally Competitive Pay Levels and
Structures

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