Reflect on your working experience and think about the programs each organization had in place for employees to earn adjustments in their base pay and respond to the following:
- Define cost-of-living adjustments and provide one advantage and one disadvantage to this approach of pay adjustment.
- Define seniority pay and provide one advantage and one disadvantage to this approach of pay adjustment.
- Define merit pay and provide one advantage and one disadvantage to this approach of pay adjustment.
- Define person-focused pay and provide one advantage and one disadvantage to this approach of pay adjustment.
- Explain which of the four approaches you prefer and why.
Your assignment is to develop a paper that must be one-two pages long (excluding the cover and reference pages), APA formatted, and should include at least one outside credible source (your textbook is an acceptable source). Make sure any sources listed in the reference list also appear as an in-text citation and vice versa.
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