1. best-practice HRM
In a competitive market it may be a good idea to pay a little higher than competitors. Internal and external equity of the pay program will affect employees' concepts of fairness. ... The job ranking system arranges jobs in numerical order on the basis of the importance of the job's duties and responsibilities to the organization. Job classification slots jobs into pre-established grades with higher rated grades requiring more responsibilities, working conditions, and job duties. ... Data obtained from the surveys will facilitate establishing the organization's wage policy while...
- Word Count: 2981
- Approx Pages: 12
- Grade Level: Undergraduate