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Pay systems can be egalitarian pay systemsame pay system for most employees. This reduces barriers between workers and is easier to deploy workers to other
Pay systems can be egalitarian pay systemsame pay system for most employees. This reduces barriers between workers and is easier to deploy workers to other jobs. On the hand, elitist pay system consists of different pay systems for employees or groups at different organizational levels. This results in a more stable workforce There is also market-based pay when you establish above vs. below-market pay. Above-market minimizes turnover, and below-market pay saves money. Then there is monetary vs. nonmonetary rewards. Monetary rewards emphasizes achievement and nonmonetary reinforces organization commitment. Please add your thoughts on these topics
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