Another type of compensation is organizational pay policy

Assignment Help Business Management

Reference no: EM133772814

Question

Another type of compensation is organizational pay policy, which establishes how an organization's pay levels compare to those of other organizations. It determines whether organizations pay above or below market rates (Jackson et al., 2018, p. 376). The advantage of this method is that can attract talent and retain employees by paying above-market pay. The disadvantage may be that not every job role will be market-appropriate and pay above market.

Reference no: EM133772814

Questions Cloud

Efficiencies and effectiveness of their supply chain : Dell shifted to a segmented supply chain substantially impacted the efficiencies and effectiveness of their supply chain.

What roles do leaders play in these groups : Think about the different groups you are in and what role you play within them. What roles do leaders play in these groups

What barriers/obstacles to change exist : What barriers/obstacles to change exist? Do we need additional resources or can we reallocate present resources? Are there any known effective interventions?

Describe the expected results or impact on the company : PJM 100 Explore Project Management Fundamentals, Diploma In Project Management - Explain the relationship between project, programs, and portfolio

Another type of compensation is organizational pay policy : Another type of compensation is organizational pay policy, which establishes how an organization's pay levels compare to those of other organizations

Write an essay that includes an introduction paragraph : Write an essay that includes an introduction paragraph, the essay's body, and a conclusion paragraph to address the assignment's guide questions.

Variety of coaching tools benefit workplace coach : How might familiarity with a variety of coaching tools benefit a workplace coach? What did you learn from actually applying the coaching tools?

What are the different types of phonics instruction : What are the different types of phonics instruction? Explain each of the different types of phonics instruction. What are high-frequency words?

Discuss two ways to effectively manage time : Discuss two ways to effectively manage time when working with students and teachers as a leader on your campus.

User Account

All Pages