Market pay is a pay which depends upon the market changes due to macroeconomic f

Question

Market pay is a pay which depends upon the market changes due to macroeconomic factors such as inflation, growth rate, etc and also due to microeconomic factors such as company’s growth, business of the company, Availability of the funds to manage the projects, skills of the individual or performance of the individual etc.

The market pays always vary. There would not be the fixed pay say like $ 19000 per month. It is depending on the capability of the employee to how much he can do the business and earn from it. It may not the secure way of getting the pay.

The pros and cons of the company are as follows:

Pros:

Cons:

Explanation / Answer

http://www.payscale.com/compensation-today/2009/11/how-to-conduct-a-compensation-analysis

Describe in detail the concept of market pay. What do you see as the pros and cons of market pay?

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