ADM 2337 Chapter Notes - Chapter 9: Job Evaluation, Equal Pay For Equal Work, Trade Union
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It is the compensation of employees in ways that enhance motivation and growth while at the same time aligning their efforts with the objectives, philosophies, and culture of the organization. It is not uncommon for organizations to establish very specific goals for linking their organizational objectives to their compensation program. Pa(cid:455) e(cid:395)uit(cid:455): a(cid:374) e(cid:373)plo(cid:455)ee"s pe(cid:396)(cid:272)eptio(cid:374) that (cid:272)o(cid:373)pe(cid:374)satio(cid:374) (cid:396)e(cid:272)eived is equal to the value to the work performed and comparable to what others are being paid. E(cid:454)pe(cid:272)ta(cid:374)(cid:272)(cid:455) theo(cid:396)(cid:455): o(cid:374)e"s le(cid:448)el of (cid:373)oti(cid:448)atio(cid:374) depe(cid:374)ds o(cid:374) the att(cid:396)a(cid:272)ti(cid:448)e(cid:374)ess of the (cid:396)e(cid:449)a(cid:396)ds sought a(cid:374)d the p(cid:396)o(cid:271)a(cid:271)ilit(cid:455) of obtaining those rewards. Employees should exert greater work effort if they have reason to expect that it will result in a reward that is valued. Salaried employees: compensation is computed on the basis of weekly, biweekly, or monthly pat periods. In practice, a combination of internal and external factors can influence, directly, or indirectly, the rates at which employees are paid.