The benefits of establishing a pay structure that helps the organization achieve its goals include:
- Employee motivation
- Cost control
- Ability to attract and retain talented human resources
<h3>What is the benefit of a good pay structure?</h3>
A good pay structure means that employees are adequately compensated for their work. This can help a lot with employee motivation because a huge part of the motivation that employees feel to work towards helping an organization to achieve its goals are monetary.
If a company is able to use its pay structure to engage in employee motivation, there will be better cost control from the company being able to reduce its recruitment costs, and having employees that are retained for long enough to know how to use resources efficiently. It is therefore important that when coming up with a pay structure to help achieve company goals, it should compensate employees adequately.
Options for this question include:
- Employee motivation
- Quality loss
- Cost control
- Increased budget
- Ability to attract and retain talented human resources
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Answer:
Decrease in Supply ; Increase in Price
Explanation:
Complements in Production are goods which are produced jointly using a given resource. Eg : Beef , leather belts & wheat , straw.
Law of Supply states that Price of a good & its supply are directly related. Price & supply of complements in production are also directly related.
If price of a good rises, supply of the good & its complement(s) in production rise. If price of a good falls, supply of the good & its complement(s) in production fall.
So: Leftwards shift in demand curve of beef, i.e decrease in demand of beef- will create excess supply of beef. Excess supply will create competition among sellers & reduce its price.
As beef & leather belt are complements in production : Decrease in price of beef will reduce the supply of leather belts. This decreased supply (leftwards shift) will create excess demand in leather belt markets & competition among buyers increase their price.
Explanation:
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To accelerate the worlds transition to sun stainable energy
You should do all of the above. Listen to what they are saying, Hear what they are saying, Think how it affects you, and react when they're done criticising you.