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Learning Objectives
- Explain types of job evaluation systems and their uses.
- Be able to define and discuss the types of pay systems and factors determining the type of pay system used.
- Know the laws relating to compensation.
Once you have determined your compensation strategy based on internal and external factors, you will need to evaluate jobs, develop a pay system, and consider pay theories when making decisions. Next, you will determine the mix of pay you will use, taking into consideration legal implications.
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