2. Why might an organization choose to pay employees more than themarket rate? Why might it choose to pay less? What are theconsequences of paying more or less than the market rate?

Organization: A group of people organized to do something that can be a business, institution, and…

Answered: Why might an organization choose to pay…

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter11: Human Resource Management

Section11.4: Influencing Employee Performance And Motivation

Problem 1CC: What does a pay-for-performance strategy mean for a company?

See similar textbooks

Similar questions

5. What are expectancies and valences? How do they affect performance?
Imagine that the steel industry is taking a major economic hit and Nucor’s profits are way down. Employees are beginning to feel the pinch of substantially reduced pay. What can Nucor do to keep its employees happy?
Why Management first must position the firm’s general pay level relative to pay levels of comparable firms?
What are the advantages of top down budgeting? Of bottom-up budgeting?
How can organizations enhance their employer value proposition (EVP) to attract top talent?
In gathering data for its pay policies, what product markets would a city"s hospital want to use as a basis for comparison? What labor markets would be relevant? How might the labor markets for surgeons be different from the labor markets for nursing aides?
How can managers blend the guidelines for making effective decesions in today's world with rationality and bounded rationality models of decesion making. or can they?Explain.
What is participative budgeting? What are the advantages?
What are the Human resources and Payroll Challenges of Retail Store business during covid 19
How might the pay rate as an Administrative Assistant be influenced if it was a similar job in another industry or another geographic area? For example, how might your pay be different if you were employed by a small, rural company as compared to a large company in a major metropolitan area or medium-sized manufacturer in a suburb? What could you do to ensure external equity in your work?
For you, how can you solve paycheck errors and or employees being underpaid?
URGENT !!! Explain why it is so important to link performance and pay to strategies.

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Management

Management

ISBN:

9780998625768

Author:

OpenStax

Publisher:

OpenStax College

Principles of Management

Management

ISBN:

9780998625768

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

Why might an organization choose to pay employees more than the market rate? Why might it choose to pay less? What are the consequences of paying more or less than the market rate?