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Human Resource Management 16th Edition by Sean Valentine,Patricia Meglich,Robert Mathis
Edition 16ISBN: 978-0357033852Human Resource Management 16th Edition by Sean Valentine,Patricia Meglich,Robert Mathis
Edition 16ISBN: 978-0357033852 Exercise 4
HR Competencies & Applications: Is It Better to Know?
Key Competencies: Critical Evaluation (Behavioral Competency) and Organization (Technical Competency)
Some experts on compensation support the idea of full pay transparency, whereby every employee in a company is allowed to know what everyone else is paid. Full pay transparency can work in two situations. First, if pay levels are based on rank and tenure (as in many union contracts and government agencies), then pay is not determined by performance or other factors. The second is when members of the organization can easily see how well everyone else is performing. The organizational culture and work environment must be appropriate for introducing full pay disclosure while maintaining collaboration and harmony within the work group.
-What information should companies share with employees relative to the employee's personal pay determination and general policies regarding pay decisions? How should the needs of employees be addressed in these strategies?
Key Competencies: Critical Evaluation (Behavioral Competency) and Organization (Technical Competency)
Some experts on compensation support the idea of full pay transparency, whereby every employee in a company is allowed to know what everyone else is paid. Full pay transparency can work in two situations. First, if pay levels are based on rank and tenure (as in many union contracts and government agencies), then pay is not determined by performance or other factors. The second is when members of the organization can easily see how well everyone else is performing. The organizational culture and work environment must be appropriate for introducing full pay disclosure while maintaining collaboration and harmony within the work group.
-What information should companies share with employees relative to the employee's personal pay determination and general policies regarding pay decisions? How should the needs of employees be addressed in these strategies?
Explanation
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Human Resource Management 16th Edition by Sean Valentine,Patricia Meglich,Robert Mathis
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