ADM 2337 Lecture Notes - Lecture 9: Collective Bargaining, Job Evaluation, Equal Pay For Equal Work
12 Apr 2016
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Document Summary
-an integrated package of all rewards (monetary, none-monetary, extrinsic and intrinsic. Direct: wages and salaries incentives, bonus, commissions. Employees should exert greater work efort if they have reason to expect that it will result in a reward(outcome) that they value. -supply and demand for labor within an are. -other forces to consider (eg: collecive agreement, government regulaions) -wage structure needs to be in line with local wages. -unions bargain collecively to achieve increases in real wages cost of living. - escalator clauses cola: make sure cost of living is covered. -the systemaic process of determining the relaive worth of jobs in order to establish which jobs should be paid more than others within an organizaion. Jobs are ranked on the basis of their relaive worth. Jobs are classiied and grouped according to a series of predetermine wage grades. Wage grades have increasing amounts of skill, knowledge, ability, or other factors. All jobs are then compared to descripions of job classes.
