Asked by Brittany Orozco on May 12, 2024
Verified
Organizations that practice pay secrecy:
A) encourage greater camaraderie and teamwork among employees.
B) experience pay inversion in the long run.
C) believe an individual's pay is not for public knowledge.
D) motivate low performers to work harder for better compensation.
Pay Secrecy
Refers to the extent to which the compensation of any individual in an organization is secret or the extent to which information on compensation is formally made available to other individuals.
Pay Inversion
A phenomenon where newer employees receive higher compensation than their more experienced counterparts due to market rate changes, negotiation, or other factors.
Teamwork
The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.
- Comprehend the critical role that pay transparency and secrecy play in influencing the dynamics within the workplace.
Verified Answer
Learning Objectives
- Comprehend the critical role that pay transparency and secrecy play in influencing the dynamics within the workplace.
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