Discuss the factors that influence internal pay structures.

Solutions

Expert Solution

The factor that influence the Internal pay structure are as follows:

ABILITY TO PAY- The big organization pay higher compensation to the employee as compared to other organization. Whereas the smaller companies maintain their pay scale or sometime below the company standards.
BUSINESS STRATEGY- The organization strategy also influence the employee compensation. The company pay more to those employees who have special skill which can help the organization to outshine the competitor as compare to other employee. Whereas, if the company wants to go as it is going then the company pay every employee equally.

JOB EVALUATION AND PERFORMANCE APPRAISAL- The job evaluation helps the company to pay as per their jobs. The Performance Appraisal helps an employee to earn extra on basis of his performance.

EMPLOYEE- The employee himself influence the compensation in one of the following ways:

Performance- The pay of the employee depends upon the better performance. This help the employee to increase compensation, they also get motivated and helps to perform the job effectively.
Experience- The pay also depends upon the employee devotion his year in an organization for his experience.
Potential- The company pay extra to those employees who have extra potential as compared to other employee.

keosha answered 8 months ago

Next > < Previous

Related Solutions

What are the internal and external factors that influence the pricing decisions? Please this is a...

What are the internal and external factors that influence the pricing decisions? Please this is a marketing question

While external factors and internal factors often influence decisions on the individual level, the utilization of...

While external factors and internal factors often influence decisions on the individual level, the utilization of logic as a decision-making perspective is best defined as: Pscyhological Rational Cognitive Normative The concept behind developing a group to define the problem is based upon the fact that if group members cannot agree on the ________ of a problem, they cannot possibly approach a(n) ________. definition; alternative nature; solution evidence; definition solution; strategy Starbucks is at constant risk due to the fluctuating prices...

1 what are the general factors that will influence price in regard of Market structures 2what are...

1 what are the general factors that will influence price in regard of Market structures 2what are the key element to be successful a major philanthropic program 3 what are the five Keys characteristics offer long-term debit financing

Discuss factors that influence a MNCs cost of capital.

Discuss the factors that influence the behaviour of individuals in an organization

Q1. discuss with examples 5 factors that influence perception

Discuss the external factors that will influence such Corporate Governance Model

For the airline industry!! Provide an analysis regarding the factors that influence cost structures and profitability.1.Stage...

For the airline industry!! Provide an analysis regarding the factors that influence cost structures and profitability.1.Stage of the product life cycle. (Stage of the product lifecycle affects pattern of investment, cash flows, and profitability.)2.Competitive environment. Thoroughly analyze and dis-cuss Porter’s Five Forces of Industry Competition. Explain effects on costs and profitability.3.Cost drivers. Describe the major cost drivers or identify what contributes to the price a company must charge forits product or service (e.g., labor, material, manufacturing).Give percentages or other data...

Assess the external and internal factors that influence credit policy and decision making within a company...

Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer when providing a good or service on account. Next, indicate which factor you believe is most significant in today’s business environment. Provide support for your rationale.

Discuss factors that influence the bioavailability of dietary iron. In your response identify factors that interfere...

Discuss factors that influence the bioavailability of dietary iron. In your response identify factors that interfere with iron absorption, factors that enhance iron absorption, and the influence of a person's iron status on absorption?

Subjects