Asked by Abbie Medina on Apr 26, 2024
Verified
What is a disadvantage of a pay structure that rewards employees for winning promotions?
A) It does not focus on setting pay for groups of jobs.
B) It does not make adjustments to a pay rate to reflect differences in labor markets.
C) It discourages employees from gaining valuable experience through lateral career moves.
D) It rewards employees for acquiring skills but does not provide a way to ensure that employees can use their new skills.
E) It places the employer at an economic disadvantage relative to other employers that pay the market rate by raising the pay for some jobs.
Pay Structure
The organization of different levels of pay within a company or industry, usually based on factors like experience, education, and performance.
Market Rate
The average cost or compensation for a particular job or service in the broader market or industry.
Lateral Career Moves
Moves within a company or organization to roles of similar rank and pay, typically to gain a broader range of experience or skills.
- Acquire knowledge of different remuneration system arrangements and their implications for organizational structure and the development of personnel careers.
Verified Answer
Learning Objectives
- Acquire knowledge of different remuneration system arrangements and their implications for organizational structure and the development of personnel careers.
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