Question 1:
Discussion #1
Provide two examples that illustrate the difference difference between business market positioning (how you differentiate your product/service from your business competitors) and the market positioning for total rewards (how you differentiate your total rewards from that of your competitors). Describe the importance of aligning the market positioning for total rewards to the business market position. Use a minimum of two references from course materials and interact with at least one classmates.
Question 2:
What elements (i.e., factors or criteria) should be considered when setting compensation? Some examples can be found on https://resources.careerbuilder.com/recruiting-solutions/how-to-build-employee-compensation-programs and https://www.economicsdiscussion.net/human-resource-management/factors-affecting-employee-compensation/31636.
In your opinion, what are three top elements to consider when setting compensation and why? Use a minimum of one reference from course materials and interact with at least one classmate.
References you must use from class are below:
https://www.pwc.ch/en/insights/hr/future-of-work.html
https://www.referenceforbusiness.com/small/Di-Eq/Employee-Compensation.html#b
