Explain the role of employee participation in compensation decision-making.
What will be an ideal response?
Employee participation in compensation decision-making can take many forms. For example, employees may serve on task forces charged with recommending and designing a pay program. They may also be asked to help communicate and explain its rationale. This is particularly true in the case of job evaluation and many other programs. To date, for what are perhaps obvious reasons, employee participation in pay level decisions remains fairly rare. It is important to distinguish between participation by those affected by policies and those who must actually implement the policies. Managers are in the latter group (and often in the former group at the same time). As in other areas of human resource management, line managers are typically responsible for making policies work. Their intimate involvement in any change to existing pay practices is, of course, necessary.
You might also like to view...
From a producer's point of view, a greater number of levels in a supply chain means less control and greater channel complexity
Indicate whether the statement is true or false
Conversion costs consist of
A) direct materials costs and direct labor costs. B) direct labor costs and overhead costs. C) direct materials costs and overhead costs. D) direct labor costs and indirect labor costs.
Which of the following items should not be included in a company's budget manual?
a. sample budgetary forms b. a statement of desired results of the budget c. a listing of budgetary activities to be performed d. financial statements for the upcoming fiscal year
If a taxpayer pays for an annuity contract with after-tax dollars, all payments received under the contract will be tax-free until the original cost is recovered.
Answer the following statement true (T) or false (F)