What is pay compression and how can companies minimize the occurrence of it?
What will be an ideal response?
Answer: Pay compression occurs whenever a company's pay spread between less qualified employees and more qualified job incumbents is small. Companies can work to minimize the occurrence of pay compression by setting maximum pay rates close to possible to competitors' maximum pay rates for similar jobs. Setting competitive maximum rates enables a company to raise pay rates for high-quality employees who may consider employment opportunities with a competitor.
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As the volume of customers, products, vendors, and information increases, it becomes uneconomical, or even impossible, for customers to consider all relevant information and available products and services
The practical solution to handling such information overload is to A) use permission marketing. B) use software or intelligent agents. C) increase the use of ad agencies. D) design Web sites with minimal content.
Which written medium should be used when you want to mimic spoken conversation?
A) Social media B) Orientations C) Narratives D) Teasers E) Messaging