Domestic Companies Use A Variety Of Compensation Methods, Including Several Factors Associated With Pay Methods,

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.