Why is compensation important to managers?
What will be an ideal response?
Managers have a stake in compensation: It directly influences their success in two ways: (1) compensation is a major expense, and (2) a manager uses it as a way to influence employee behaviour and consequently improve organization performance.
You might also like to view...
A description of the physical arrangement of records in the database is
a. the internal view b. the conceptual view c. the subschema d. the external view
Global economic trends have included both opportunities and hardships for organizations. What were the effects of decreases in the demands for multinational workers during the global economic downturn ?
a. Company profits were reduced b. Many immigrants were displaced from their jobs c. Organizations stopped hiring foreign workers d. Skilled workers took job as unskilled labor
When people think of what marketing entails, they typically think about the marketing mix element referred to as ________.
Fill in the blank(s) with the appropriate word(s).
Bart sends Carla an offer by express mail. Carla receives it at 10 a.m. on Tuesday. At 11 a.m. on Tuesday, Carla delivers an acceptance to Speedy Mail-to-You Express, Inc, but due to their error, the letter is not sent out by the company until Wednesday at 8 a.m. At what time does the law consider the acceptance to be effective?
a. At 10 a.m. on Tuesday. b. At 11 a.m. on Tuesday. c. At 8 a.m. on Wednesday. d. At the time Bart receives the letter.