Compensation and Benefits Unit 1 AssessmentPLEASE USE APA FORMAT FOR ALL CITATION PURPOSESCourse Textbook Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY:

Compensation and Benefits Unit 1 Assessment

PLEASE USE APA FORMAT FOR ALL CITATION PURPOSES

Course Textbook 

Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin.

1.    How are compensation strategy and HR strategy central to successful business strategy?Your response should be at least 200 words in length. 

2.    What are the four policy issues in the pay model? What purposes do the objectives in the pay model serve?Your response should be at least 200 words in length. 

3.    Three tests for any source of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage?Your response should be at least 200 words in length. 

4.    How do differing perspectives affect our views of compensation?Your response should be at least 200 words in length.