Chapter 9 Compensation Flashcards
1
Q
6 objectives sought through effective compensation systems
A
Acquire qualified personnel.
Retain present employees.
Ensure equity.
Reward desired behaviour.
Control costs.
Comply with legal regulations.
Further administrative efficiency.
2
Q
effect of unions on pay
A
can drive up rates for workers, for example human resources find it cheaper to pay raise than pay for strike.
3
Q
pay secrecy advantages
A
employees prefer pay kept secret
gives managers greater freedom
covers up inequities in the internal pay structure
4
Q
pay secrecy disadvantages
A
may generate distrust in the pay system
employees may perceive that there is no relationship between pay and performance
