If financial rewards are a vital organizational control mechanism (whether in the form of salary, bonus, stock options or the like), why is paying people more seldom the most important factor in attracting and retaining human capital?
What will be an ideal response?
Feedback: Paying people more is seldom the most important factor in attracting and retaining human capital. Most surveys show that money is not the most important reason why people take or leave jobs and that money, in some surveys, is not even in the top 10. Consistent with these findings, Tandem Computers (part of Hewlett-Packard) typically does not tell people being recruited what their salaries would be. People who asked were told that the Tandem salaries were competitive. If they persisted along this line of questioning, they would not be offered a position. Why? Tandem realized a rather simple idea: People who come for money will leave for money.
You might also like to view...
Women who rent their wedding gowns instead of buying them and wearing them only once are taking advantage of a ________ utility
A) form B) place C) time D) possession E) price
Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking. An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards.
Explain the persuasive strategy “ask for suspended judgment.” When might you use this persuasive strategy during a persuasive speech?
What will be an ideal response?
Shaun recommends that the organization do everything it can to lower the organizational costs required to produce widgets while still charging customers the same price for the product. Shaun is recommending the ________ strategy.
A. cost cutting B. cost leadership C. differentiation D. niche E. None of the above