GM 565 Week 6 Discussion | Franklin Pierce University | Assignment Help 

6.1 Discussion - Team 3

 Topic: Creating a Pay Structure-External Competitiveness

   1. KEY TERMS Review/Discuss

       a.  What pay level does the efficiency wage predict?

             Does it accurately predict organization behavior? Why or why not? Be specific. 

       b.  What is a relevant market?

              What difference does it make when determining people's pay? Be specific. 
 

     2. INITIAL ASSESSMENT of YOUR Pay Policy

https://franklinpierce.instructure.com/courses/7466/files/991599/preview

       a. What "type" of Pay Policy (lag, lead, performance driven, etc.) do you think your company or a company you are familiar with follows ?

       b. Does this policy (s) align to the goals of the organization in terms of motivating and retaining key human capital? 

        Provide your assessment and then read the assessment of others in your team and provide suggestions, comments, etc. 

*The role and responsibilities of the discussion team leader: 

1. To foster dialog and discussion among the team by posing questions, articles, etc. (food for thought).

2. Encourage all members to post their first response to the by end of day Wednesday

3. Encourage all members to reply to at least two posts throughout the week