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| March 27, 2014

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1. Describe the building blocks of market-competitive pay systems.
2. Describe the costs and benefits of discretionary benefits.
3. What did you learn from chapters 6-10 that was most meaningful to you? Explain. Please answer fully.
Define each word
Job characteristics theory.
job evaluation;
job analysis;
job evaluation plans;
market-competitive compensation systems;
labor and compensation costs;
labor markets;
labor market surveys;
benchmark jobs;
below-minimum pay range rates;
compa-ratios;
pay-structures in flatter organizations;
market-lag;
commission-only plan;
legally-required benefits;
task identity;
task significance.
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Describe the building blocks of market-competitive pay systems.

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