When it comes to compensation, organizations have to find a way to differentiate

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When it comes to compensation, organizations have to find a way to differentiate between seniority, experience, knowledge, skills, and abilities, for any given job. If they did not, theoretically, everyone could be paid exactly the same as his/her colleague for a given position. As we know, not all jobs are created equal, but all jobs are vitally important in the functioning of the organizational structure. Hence, the reason for salary ranges and pay bands. 1. When looking at job options, what are the top three compensation factors that influence your decision? 2. How are those factors different from what they may have been five years ago? 3. As you change, your compensation interests change as well. What do you think some of the changes are that have impacted your top three compensation factors?

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