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Pay Essays


The importance of pay in employee motivation

Managers and executives know that to retain high performers, they need to offer a competitive salary that adequately reflects on the business climate of their industry, it is to this effect that among all kinds of budgets in an organization

CEO Pay in Still on Steroids

Introduction It is almost certain that everybody loves the job of a chief executive office. Who would not like to occupy the most comfortable, coziest and extremely lavished office in a corporation and receive a salary that is almost or

Which Pay System is The Best Approach?

Introduction Performance pay, merit pay and knowledge or skill-based pay are in the modern day making headlines as supplements of alternatives to the conventional step system in the teaching industry. But the implication is that this form of payment has

Payment System and Incentives

            Developing successive implementation of proper payment helps organisations reach their long term goals. However, many institutions take respective payment systems for granted. Such organizations  remunerate their employees on the old monthly or by-monthly systems. The Increased dependence in the

Pay Compression

Pay Compression and Its Effects on Corporations Today             Pay compression refers to the decreasing wage gap between people on the same job grade in a hierarchical organization (Manny, 1999). This phenomenon affects a wide spectrum of organizations whether public,

The Motivating Value Of Pay Equity

For most employees, pay has a direct influence on their lifestyle choices and also on their status on and off the job. Pay represents a sense of reward for people in exchange for the work they put forth. It is

Pay System

Introduction Pay system can be defined as fixing of salary basing on grade of an employee, cash, non-cash benefits and incentives.  From the view of an employer pay system is dependent on the kind of organization whether industrial-based, service-based or 

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