First Sentence:
The ultimate goal of a pay system is to align the goals and interests of employees with the goals and interests of the organization.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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pay range structure, multiskilled efforts, performs related work, pay plan design, single rate structure, educational distributor, compensation decision making, benchmark jobs, market survey data, corporate business strategy, compensation strategy, corporate business strategies, other business strategies, pay philosophy, pay raise decisions, job evaluation system, compensation strategies, pay bands, job incumbent, customer service ratings, summary questionnaire, organizational rewards, pay satisfaction, external equity, relevant labor market
Key Phrases - Capitalized Phrases (CAPs):
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Number Minimum Average Maximum, Skill Required, Pay Design, Almost Applicable Never, Evaluation Measures, Supporting Documentation, Gourmet Products, Lag System-designed, Performance Based-performance, Phase One, United States, Degree Points Benchmark Descriptions, Harvard Business School Press, Individual Compensation-to, Large Band Overlap-allows, Participative Pay Plan Design-empowered, Small Band Overlap Individual Rewards, Bridge Worker, Broad Bands-reward, External Equity-consistent, Lawn Food, Match Market-not, Midrange Communication System-individuals, Program Roles, Type of Environmental Condition
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