How do embedded controls affect managerial pay decisions

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Reference no: EM132199556

Embedded Controls, Open versus Closed Pay Systems, and Outsourcing

How do embedded controls affect managerial pay decisions? Select one type of embedded control, indicating how it can help control costs.

Research has shown that employees in open pay systems misperceive the actual pay system as much as employees in closed pay systems. There is also research that employees in companies with open pay policies have higher satisfaction with their pay than in organizations with closed polices. What conclusions can you draw from these observations?

Topic 2

All compensation managers are concerned about managing labor and salary costs. For these managers and their employees, the option of outsourcing will continue to demand attention in the continuing movement towards a global economy. Use your favorite search engine to search for articles on outsourcing. Did any of the articles influence your position on outsourcing and the advantages or disadvantages it provides for a compensation strategy? How does the structure of the compensation function relate to the objectives of the organization? Please relate anything useful from the Web field trip as it relates to this issue.

Reference no: EM132199556

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