Different organizational approaches to compensation policies

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Reference no: EM132231077

The three different organizational approaches to compensation policies: (1.) Pay Leaders are organizations that pay higher than competitors. (2.) Pay Followers my organizations that seek to keep payroll as low as possible by paying the lowest wages possible , off the minimum wage whenever possible . (3.) Market Rate organizations see to pay about what other organizations in their area do for similar jobs. Which policy ( Pay Leaders, Pay Followers, or Market Rate) you feel will help you meet your organizational goals. Support your opinion with Concepts from the internet or from other outside sources. The support should include what you see as your organization goals, and how your choice helps you to reach your goals. If you use outside sources, please include a link so the rest of us can share and what you found.

Reference no: EM132231077

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