Learning Objectives
7-1. Explain the concept of market-competitive
compensation systems and summarize the four
activities compensation professionals engage
in to create these systems.
7-2. Discuss compensation survey practices.
7-3. Describe how compensation professionals
integrate internal job structures with external
market pay rates.
7-4. Explain the basic concepts of compensation
policies and strategic mandates: pay mix and
pay level.
Copyright © 2017 Pearson Education, Inc.
7-44