Describe the differences among the five pay methods listed; what is the general purpose for each: Base Pay, Pay Adjustments,

Week 5 Discussion – Methods for Compensating Employees

Domestic companies use a variety of compensation methods, including several factors associated with pay methods, job types, duties, and performance. Please respond to the following:

1. Describe the differences among the five pay methods listed; what is the general purpose for each: Base Pay, Pay Adjustments, Differential Pay, Incentive Pay, Special Pay Situations.
   1. Select three of the pay types and provide a short scenario that describes how to use each of them appropriately.
2. Reflect on your current or past employment. Was the pay structure appropriate or would you suggest a change?
   1. What change would you recommend and why?
   2. If no change is suggested, discuss the factors you might consider, to affirm the current pay method.
3. Be sure to respond to at least one of your classmates' posts.

SHRM-CP Learning System Source Path: My Study Plan (Card) People//Total Rewards//Compensations Systems//Methods for Compensating Employees.