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Select a familiar company or analyze the approach your college uses to pay teaching usistants or faculty. Infer its compensution strategy using the five dimensions
Select a familiar company or analyze the approach your college uses to pay teaching usistants or faculty. Infer its compensution strategy using the five dimensions objectives alignment, competitiveness, employeo considerations, and management How does your company or school compare to Microsoft and Merrill Lynch What business stmategy iloes it seem to "fit" ie cost cutter, customer centered, innovator, or something else
Contrast the essential differences between the bestfit and bestpractices perspectives
Reread Exhilnit Discuss how those values might be reflected in a compensation system. Are these values consistent with "Let the market decide"?
Three tests for any souree of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation realls be a source of compatitive advantane?
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