One of the reasons why employees embark on industrial actions is because their pay levels are...
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One of the reasons why employees embark on industrial actions is because their pay levels are not equitable to that of their counterparts in other organizations. To address this challenge, one has to undertake market rate surveys to check market rates of pay and factor them into the process of developing a pay structure. With this as the backdrop; a) Define market rate analysis and explain the main sources of information for pay surveys. b) Explain three aims of Market Rate Analysis. (14 Marks) (6 Marks) One of the reasons why employees embark on industrial actions is because their pay levels are not equitable to that of their counterparts in other organizations. To address this challenge, one has to undertake market rate surveys to check market rates of pay and factor them into the process of developing a pay structure. With this as the backdrop; a) Define market rate analysis and explain the main sources of information for pay surveys. b) Explain three aims of Market Rate Analysis. (14 Marks) (6 Marks)
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1 market rate analysis and explain the main sources of information for pay surveys a Definition of market rate analysis Market rate analysis assesses and contrasts employees salaries within a business ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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