Compensation and Benefits

Question 1: In your own words, describe why base pay rates vary between employees performing different assignments in the same organization and why pay rates vary for people doing similar work in different organizations.
Question 2: Identify the social structure and income levels of the social classes in the United States. In your own words, describe why a compensation specialist needs to understand this structure.
Question 3: Your textbook states “the most important factor influencing the rate of pay of an employee is the kind of job the person performs” (Henderson, 2006, p. 27). Discuss three other factors that you believe are the main issues that influence rate of pay. Include in your discussion specific reasons why you chose these three issues, and provide specific examples to support your answer.

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Compensation and Benefits

Based on the information provided by Forbes.com, the majority of small businesses go with managed care plans. Health insurance plans have lower monthly premiums because they offer a smaller list of providers. Some popular choices among small business owners are Aetna, Blue Cross Blue Shield, and Humana.

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