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Strategic Compensation: A Human Resource Management Approach, 9/e
book

Strategic Compensation: A Human Resource Management Approach, 9/e

by Joseph J. Martocchio
January 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
20h 58m
English
Pearson
Content preview from Strategic Compensation: A Human Resource Management Approach, 9/e

Advantages and Disadvantages of Person-Focused Pay Programs

  1. 6 Explain the advantages and disadvantages of person-focused pay plans.

Although no large-scale studies have clearly demonstrated these benefits, case studies suggest that employees and companies enjoy advantages from person-focused pay programs. Well-designed person-focused pay systems can provide employees and employers with distinct advantages over traditional pay systems. There are potential limitations of person-focused programs.

Advantages

Employees usually like person-focused pay systems for the following two reasons. First, they can provide employees with both job enrichment and job security. Job enrichment refers to a job design approach that creates more intrinsically motivating ...

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Publisher Resources

ISBN: 9780134320540