13 Apr 2011 HR work

13 Apr 2011 HR work - Apr 13 Chapter 8 p226 even"Strategic...

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Apr 13; Chapter 8, p226 even “Strategic Questions” and “To Do” case page 232 part 1 only P226 2. Should an organization have an open pay policy? No – choosing an open pay policy is adding a factor of potential strife and division while employees consider how much others make doing the same job, or if compensation and bonuses can be compared between divisions. What are the costs? Transparency in pay can lead to increased cost in training new employees due to turnover – driven by disgruntled employees using pay comparison as an incentive to leave the company. 4. In rolling out an open pay policy in an organization that has had pay secrecy, which employee group should be first? Identifying senior management and executive pay should be the first persons declared in fielding this new pay policy. P232, par 1 State Minimum Wage Laws - http://en.wikipedia.org/wiki/List_of_U.S._minimum_wages Minimum Wage by U.S. state and U.S. territory ( American Samoa , Guam , Puerto Rico , Virgin Islands ), as of July 24, 2009. States with minimum wage rates higher than the Federal rate States and territories with minimum wage rates the same as the Federal rate States with no state minimum wage law
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