Asked by Dennis Manalo on May 29, 2024
Verified
Joe has been promoted from a pay grade three job making $3300 a month to a pay grade four job making $3300 a month. Why would Joe accept a promotion with no simultaneous increase in pay?
A) Pay grade four jobs are easier.
B) He will have greater opportunity for higher pay in the future.
C) He was underpaid in his pay grade three job.
D) He will be overpaid in his pay grade four job.
E) None of these can be the reason.
Greater Opportunity
Increased chances or favorable circumstances for success or advancement.
Simultaneous Increase
The occurrence of two or more variables or factors growing or expanding at the same time, often in a related or interconnected manner.
Promotion
The advancement of an employee to a higher position or rank within an organization, typically associated with increased responsibilities, authority, and pay.
- Perceive the influence of organizational and market determinants on the strategy and formulation of compensation.
- Comprehend the relationship between organizational strategies, policies, and compensation adjustments.
Verified Answer
ND
Nicole, Deaf_Life_May 30, 2024
Final Answer :
B
Explanation :
Joe accepted the promotion because he sees greater opportunity for higher pay in the future. Moving to a higher pay grade is a step towards progressing in his career and potentially earning more money in the long run.
Learning Objectives
- Perceive the influence of organizational and market determinants on the strategy and formulation of compensation.
- Comprehend the relationship between organizational strategies, policies, and compensation adjustments.