I need a page and a half written on each question, 7 questions total And reference page For Compensation Class Midterm.
1. What is Merit Pay? Explain the role of performance appraisals in Merit Pay Programs.
2. What is pay-for-knowledge plan? Explain the role of training in pay-for-knowledge plans.
3. What is constituency? How does it affect HR Department?
4. How would the compensation system change if the minimum wage provision of the Fair Labor Standards Act of 1938 were repealed?
5. Distinguish between disparate treatment and disparate impact in a compensation context.
6. Briefly describe the concept of comparable worth and how it compares with equal pay.
7. Briefly describe expectancy theory as it applies to compensation.