Asked by Kamia Bryan on Jun 09, 2024
Verified
A pay structure helps an organization achieve goals related to cost control.
Pay Structure
Pay Structure refers to the organization of different levels of salaries within a company, based on various factors such as job role, experience, and performance.
Cost Control
Definition: The practice of managing and reducing business expenses to increase profitability without compromising quality or performance.
- Recognize the importance and functions of pay structures in achieving organizational goals, including cost control.
Verified Answer
ME
maleah evansJun 14, 2024
Final Answer :
True
Explanation :
A pay structure can help an organization control costs by setting clear pay ranges and avoiding overpaying employees, as well as by aligning compensation with performance and productivity.
Learning Objectives
- Recognize the importance and functions of pay structures in achieving organizational goals, including cost control.
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