Compare and contrast the three types of decisions that are crucial for designing an effective pay plan
There are three types of decisions that are crucial for designing an effective pay plan-
- Seniority plays a vital role in some jobs hence they are paid higher than others.
- Some people may exhibit exemplary performance than others hence they need a higher pay.
Unlike other pay decisions, this individual pay decision is on individual basis. Other pay decisions are used to categorize and classify the pay structures and grades.
Thus, it is pertinent to say that all the three pay decisions are vital for the success of an organization in terms of pay structures and classifications.
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Compare and contrast the three types of decisions that are crucial for designing an effective pay...
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