Human Resource Mgmt 9020D5210416
What is pay system?
What does an effective pay system consider or consist of?
Discuss a few of the different types of pay systems:
Performance-Based (or merit/achievement)
Membership/Seniority
Equity
Market Rate (or going rate)
Pay Grade
Knowledge/Skill-Based
Which type of pay system would motivate YOU to work harder and be more productive?
What is it about that pay system that you see motivational value in?
How important is salary as a basis for your motivation?
Why is that?