Consider the following three key decisions that organizations must address when developing a compensation plan? 1. Pay l

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Consider the following three key decisions that organizations
must address when developing a compensation plan?
1. Pay level (whether to be a pay leader, pay follower, or
competitive, with respect to competitors)
2. Pay structure ( how to determine the relative pay of
different jobs within the organization)
3. Individual pay ( what factors should determine differences in
pay across individual who hold the same job within the
organization)
List and plain 2 factors that are likely to affect 2 of these
decision ( i.e, 4 factors total). These factors could be internal
to the organization( e.g, the CEOs values, the relative abundance
of resources) or external to the organization(e.g, labor markt=et
conditions). Use a specific organizational example to illustrate
how these factors could affect the decisions.