Asked by Kaylee Greydanus on Jun 24, 2024
Verified
In Canada, perceptions of unfairness based on absolute pay levels tend to cause more dissatisfaction than perceptions of inadequate pay based on relative levels of pay.
Absolute Pay Levels
The specific amount of monetary compensation given to an employee, not relative to external benchmarks or comparisons.
Relative Levels
Comparative rankings or positions of things or individuals in relation to one another within a particular context or hierarchy.
- Comprehend the fundamental concepts of compensation and its influence on employee requirements and security.
- Appreciate the ramifications of insufficient compensation on maintaining employees and the standing of the company.
Verified Answer
EM
Edith MendezJun 26, 2024
Final Answer :
False
Explanation :
In Canada, as in many other places, perceptions of unfairness are often more strongly influenced by relative levels of pay rather than absolute pay levels. People tend to compare their pay to that of their peers, and discrepancies in these comparisons can lead to feelings of dissatisfaction more than the actual amount they are paid.
Learning Objectives
- Comprehend the fundamental concepts of compensation and its influence on employee requirements and security.
- Appreciate the ramifications of insufficient compensation on maintaining employees and the standing of the company.