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Final Exam (Proctored)

Final Exam (Proctored)

Q 1. What are some influences from outside an organization that can affect the development of compensation programs? Your response must be at least 75 words in length. 2. How are merit pay plans and incentive pay plans similar and different? Your response must be at least 75 words in length. 3. Explain how a compensation survey is used to determine an organization’s compensation plan. Your response must be at least 200 words in length. 4. What considerations must occur when developing international compensation packages for expatriates? What are the main components of international compensation packages for expatriates? Your response must be at least 200 words in length.

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Technological changes can affect development of compensation programs because of state of economy can be influenced by such changes. Inflation can also create impact the state of the economy to make companies decide to fix minimum wage rates. Labor market can be influential because there can be standard of living of every individual laborer identified. The standard rate of wages can also be fixed by this identification. Regulations as well as laws can be influential.