Human Resources Internal Equity and Compensation Final Exam Questions Question 1-3, answer each part of each question into different paragraphs. The length in total of the 3 questions should be around 800-1000 words. You can search information from Google or any other sources as your choice. However, this is college level so I dont want something too much nor too lessThank you! 141 th
1pm – 1:30pm
Compensation final exam – Spring 2019
Please use the blue essay book provided and write clearly.
1. What is meant by internal equity? Why is it important to incorporate into a compensation
strategy? How would you deal with a star employee that keeps getting promoted every 12-24
months and increasing falls lower and lower into their pay grade?
& How you
2. Identify 3 ways to conduct a compensation survey and describe each one. How would you go
about gathering information for a salary survey if you worked for a major corporation?
3. Develop a detailed outline of various components of a typical benefit plan. List at least 5
benefits, what they are, and describe how important each on is (whether some or all of your
population would be interested in each benefit).
4. Review your team’s semester project. You can now adjust 4 aspects of the plan. Discuss what
you would adjust and why?
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