Asked by Morghan Graper on Jul 14, 2024
Verified
Issues affecting an organization's pay structure do not affect its reputation in general.
Pay Structure
A framework used by organizations to define and standardize the compensation given to employees based on their roles, experience, and performance.
Reputation
The collective beliefs or opinions that are generally held about someone or something's character, often reflecting a company or individual's prestige or status in society.
- Comprehend the essentiality and functions of wage structures in securing organizational achievements, particularly in cost reduction.
- Realize the significance of external market factors, such as product market constraints, on pay decisions.
Verified Answer
RM
Rajuan MuhammadJul 20, 2024
Final Answer :
False
Explanation :
The pay structure of an organization can affect its reputation in general as it is related to the organization's ethical standards, fairness, and treatment of employees. For example, if an organization is found to pay significantly less than its competitors or has wage discrimination based on gender or race, it can negatively impact its reputation and public perception.
Learning Objectives
- Comprehend the essentiality and functions of wage structures in securing organizational achievements, particularly in cost reduction.
- Realize the significance of external market factors, such as product market constraints, on pay decisions.
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