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capter 4

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Department
Commerce
Course
COMMERCE 4BE3
Professor
Ying Hong
Semester
Winter

Description
Chapter 4 Components of Comp StrategyCompensation MixBase pay the portion of an individuas comp that is based on time worked not on outputo Advantagesflexibilitybuying time from employeeallows employer to recognize important behavioursskill dvlptsignal importance of jobshigher paysimplicity o DisadvantagesRep a fixed employer commitment not linked to variability in an employers ability to payDoes not motivate task behav or org citizPerformance pay any type of financial reward provided only when certain specified perf results occur Results may be based on the perf of individual empl group or team or the entire orgo AdvantagesSignal key empl behavsmotivate empl to achieve themempl interest in perfprovides current perf levels o DisadvantagesEmpl prefer predictablecertain rewards vs unpredictableCauses empl to focus on behav that
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