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This assignment focused on the conceptual reasoning that leads companies to pay differently from the market. (A 1½-page response is required.) Using Exhibit 7.8 from your text as a framework, sp
This assignment focused on the conceptual reasoning that leads companies to pay differently from the market. (A 1½-page response is required.)
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- Using Exhibit 7.8 from your text as a framework, specify the reasoning behind the decision to 1) lead and 2) lag the market rate of pay; include relevant research findings. Address the issue of whether the lead/lag decision should be applied to all jobs within the organization or if different policy decisions should be reached for different categories of jobs.
- Explain how the Klaas and McClendon (1996) research may assist managers in establishing a pay policy.