State the implications of these differentials for establishing competitive compensation programs

State the implications of these differentials for establishing competitive compensation programs

Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.

Also, provide a graduate-level response to each of the following questions:

There are many contextual influences that must be taken into account when designing and implementing direct financial compensation plans, and one of them is interindustry wage or compensation differentials. Briefly, state the implications of these differentials for establishing competitive compensation programs. Then, explain the factors that contribute to the existence of interindustry wage differentials.

With a heterogeneous workforce, employers are having to be more flexible. How are employers using customized benefits plans and flextime to meet the needs of today’s employees?

chapter_9___direct_financial_compensation__monetary_compensation____ chapter_10___indirect_financial_compensation__employee_benefits____

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