Compensation Survey
Not what you're looking for?
What would be some of the major reasons for conducting a compensation survey?
Purchase this Solution
Solution Summary
The solution describes the major reasons for conducting a compensation survey.
Solution Preview
Compensation surveys are important because they insure that a firm is paying its employees a fair wage. External consistency is important because it means that employees at the company that are doing the same job at similar companies are being paid similarly. If employees are undercompensated relative to competitors, the company will face resentment and a high turnover rate. The best employees will tend to move on leaving only those that can't find a better job elsewhere. If enough good employees go to the competitors, the human capital at the company will suffer and put the company at a ...
Education
- MBA, Merage School of Business, Univ of Cal, Irvine
- BA, Univ of Cal, Irvine
Recent Feedback
- "Thank you so much for your help, it was very helpful to see how you did it in excel. Thanks again!"
- "Awesome review. Thank you!!!!!"
- "Wow - Amazing - Thanks"
- "Thanks"
- "Thanks for your help. Your solution helps me understand the problem and its solution."
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.