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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4362 |
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Riordan must take advantage of the opportunity to design a pay structure acceptable to employees and management by creating a competitive pay structure that addresses the job functions of each employee demographic group. This is the only way for the company to successfully retain skilled employees. Job evaluations, systematic techniques used to determine relative worth or value of jobs to the company in order to establish pay differentials should be used (Dreher & Dougherty, 2001)...
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This is the only way for the company to successfully retain skilled employees. Job evaluations, systematic techniques used to determine relative worth or value of jobs to the company in order to establish pay differentials should be used (Dreher & Dougherty, 2001). Upon completion, HR should determine which pay structure will be assigned, based on demographic group, for employee performance to be calculated into the formula, which will be either skill or compensation based pay...
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