Purchase Solution

First, Consider the fact that during the past few years, man

Not what you're looking for?

Ask Custom Question

First, Consider the fact that during the past few years, many firms have laid off thousands of workers, frozen employee pay and eliminated or reduced bonuses. Yet at the same time many of these firms have retained "key employees" and CEO by giving them huge compensation increase. This has created large inequities in the workforce within some organization. What are the pros and cons of such action? Explain.

Second, what impact of unions can have on pay for performance strategies within a firm?

Purchase this Solution

Solution Summary

First, Consider the fact that during the past few years, many firms have laid off thousands of workers, frozen employee pay and eliminated or reduced bonuses. Yet at the same time many of these firms have retained "key employees" and CEO by giving them huge compensation increase. This has created large inequities in the workforce within some organization. What are the pros and cons of such action? Explain.

Second, what impact of unions can have on pay for performance strategies within a firm?

Solution Preview

In some cases, according to the media, employees were let go because companies were tightening their belt, and then turned around and did in fact increase the pay of certain executives (typically the CEO and CFO). It did create a large inequity in many big corporations. Also, in some companies, we've got executives (CEO mainly) making big money (we're talking hundreds of thousands to millions), and they have benefits galore. In the same company, we have workers barely getting by on their salaries, with skeleton ...

Purchase this Solution


Free BrainMass Quizzes
Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Operations Management

This quiz tests a student's knowledge about Operations Management