What is your assessment of the compensation system in place? (3 marks) 2. Do you think it meets the criteria for an effective compensation system as set out in Compensation Notebook 1.1? (3 marks) 3. Which criteria does it meet, and which does it violate? (3 marks) 4. Which managerial strategy would be most effective for this firm? (3 marks) 5. What reward and compensation strategy would fit this managerial strategy? (3 marks) 6. What problems would you encounter in using this managerial strategy? (3 marks) 7. Why do you think there is a high turnover of new employees? (3 marks) 8. What concepts may help to explain the employee reactions to the compensation system? (3 marks) 9. Do you think the compensation system is fair? Is it effective? (3 marks) 10. What principles for effective reward systems does it violate? What changes should be made? (3 marks