Different organizational approaches to compensation policies

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The textbook defines three different organizational approaches to compensation policies ( Pay Leaders, Market Rate, and Pay Followers). Pay Leaders are organizations that pay higher than competitors. Market Rate organization seek to pay about what other organizations in the area do for similar jobs. Pay Followers are organizations that seek to keep payroll as low as possible by paying the lowest weight as possible, off the minimum wage whenever possible. 1. Which policy do you feel will give you a Workforce most likely to ensure that you successfully meet your organisational goals. 2. Support your opinion what concepts from the internet or outside sources. 3. This support should include what you see at your organizational goals and how your choice helps you to reach your goals. If you use sources from the internet, please include a link so the rest of us can share what you found.

Reference no: EM132217106

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