Discussion thread: market competitive pay systems
Most organizations of varying sizes tend to emphasize market competitive pay systems (re-read pp.156-157). What do you believe is most important for a company’s competitive advantage with people by way of compensation and benefits: internal consistency or market competitiveness? Explain. In contrast, after reading and doing some research, can companies easily develop compensation that is both internally consistent and market competitive? What are some of the challenges to such an accomplishment? Be sure to support your answer with at least two references other than the text.
Develop a thread of at least 500 words. You must support your assertions with citations in current APA format from the textbook, at least 2 scholarly sources, and 1 integrated Bible verse. Any sources cited must be peer-reviewed and have been published within the last five years.