Compensation Challenges

For Forum, please answer the following questions in a discussion with your teammates. Your answer should go BEYOND the information in the textbook; do a search on the topic to help you find unique information to share.

1. What is one advantage and one disadvantage of increasing the minimum wage? This can be for companies, workers, or society.

2. Of the potential solutions to eliminate the “gender pay gap” (see slide 15 of Lecture Slides), which one do you think is most likely to be successfully implemented in companies? Explain why.

3. If you were the top Compensation Manager in a company, would you advocate for making all employees’ pay transparent or for pay secrecy? Why?