Describe the major administrative tools used to manage employee compensation. Explain the importance of competitive labor market and product market forces in compensation decisions.

Employee compensation management

List the main decision areas and concepts in employee compensation management.

Describe the major administrative tools used to manage employee compensation.

Explain the importance of competitive labor market and product market forces in compensation decisions.

Discuss the significance of process issues such as communication in compensation management.

Describe new developments in the design of pay structures.

Explain where the United States stands on pay issues from an international perspective.

Explain the reasons for the controversy over executive pay.

Describe the regulatory framework for employee compensation.