What steps can managers take to do a better job of responding to the special needs of workers in their early, middle, and late career stages?

LO 11- 1 How can we tie compensation strategy to general business strategy?
LO 11- 2 What economic and legal factors should we consider in establishing pay levels for different jobs?
LO 11- 3 What is the best way to develop pay systems that are understandable, workable, and acceptable to employees at all levels?
LO 11- 4 How can we tie incentives to individual, team, or organizationwide performance?
LO 11- 5 In implementing a pay-for-performance system, what key traps must we avoid to make the system work as planned?