There are 3 choices employers have when selecting a pay policy. Lead, match or lag the market. Why would employers want to avoid the "lag?" Higher Candidate Flow Higher Turnover Lower Costs Leaves more opportunity for bonuses/incentives In the pay condition, each team member is paid a different daily wage according to his productivity rank within the team (as determined by baseline productivity levels)-so that more productive workers are paid relatively more than less productive ones. Compressed Fair Equity Total Rewards Heterogeneous The will supply corporate governance oversight and business experience, be shareholder representatives to the company, providing inside independence from management. Total Rewards Team Employee Compensation Committee Comp Equity Stockholders Board of Directors 360 degree feedback is a type of performance management tool used in certain companies or for certain roles within a company. Which of the following is a true statement about 360 degree feedback to help increase a managers sense of ownership and decrease the likelihood they will reject negative feedback? Managers should be able to select their raters Managers should be able to edit or update their results if they disagree Managers should NOT be able to select their raters but they should be randomly assigned The CEO should always rate each employee on at least one part of the review