Human Resource Mgmt:What is pay system?Discuss a few of the different types of pay systems.

Human Resource Mgmt 9020D5210416
What is pay system?
What does an effective pay system consider or consist of?

Discuss a few of the different types of pay systems:
Performance-Based (or merit/achievement)



Market Rate (or going rate)

Pay Grade


Which type of pay system would motivate YOU to work harder and be more productive?

What is it about that pay system that you see motivational value in?

How important is salary as a basis for your motivation?

Why is that?