How does pay influence the composition of the organization’s workforce? Illustrate your response with an example
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How does pay influence the composition of the organization’s workforce? Illustrate your response with an example.
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- What is a job that works best with incentive pay and whyHow can a business maintain a stable workforce and avoid skilled workersleaving the company? Please explain your answer by giving your opinions on;a) Compensation b) Trainingc) MotivationExplain what is a job that works best with incentive pay and why ?
- Should the firm offer benefits to part-time workers? If so, what benefits and why?What types of occupations may be more suitable for person-focused pay? Or, explain a job that may not be suitable forthe cost of HR includes hiring, productivity, and retention. Define each of these costs, and provide an example.
- How might an organization use changes in workforce composition to their advantage?How can organizations effectively address issues of pay compression and pay equity when promoting or transferring employees within the organization?In the context of the pay model, explain how effectiveness is dependent on equity is designing a pay system.