Briefly answer the following questions below:
- With whom does your organization compete in terms of compensation and benefits?
- What is your company’s competitive pay strategy? Do they attempt to pay more, the same or less than the competitive average in your area and why?
- What is your company’s policy regarding communications of salary grades and ranges? Why do they do what they do?
- Explain the difference between salary ranges and salary bands. Which does your employer use and why?
- What is a competitive pay line (or market line) and how is it used?
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