Employees more naturally develop deeper commitments to organizational and departmental objectives when they help set them and are involved in achieving them by offering input and making decisions that affect success better ideas customers also benefit when companies seek employee input. Salary, with or without salary sacrifice, is a good compensation system where individual risk taking need not be rewarded-other than through improvements in salary with career progression its other pros include: stable cost of doing business easy to change accountabilities and roles easy to administer and high income security for the employees.
Pros and cons of having employees involved in compensation decisions mckamie 1 wendy mckamie mrs cornelius business law october 6, 2011 the pros and cons of unions during the active growth of the industrial movement in the nineteenth century, uneducated country fold went to larger cities to work in factories and ended up in substandard work environments, more often than not making low wages.
When employees are involved in making decisions, they gain a professional and personal stake in the organization and its overall success this commitment leads to increased productivity as employees are actively participating in various aspects of the company and wish to see their efforts succeed overall. With employee involvement, the motivation and morale are much higher in most organizations since the associates will be involved in the decision-making of the company when people have been involved the process of decision making, they will know how to make a difference in the success of the company or its department. Compensation (10th edition) view more editions solutions for chapter 6 problem 1rq problem 1rq: what are the pros and cons of having employees involved in compensation decisions. Employee involvement is a philosophy practiced by companies that gives their employees stake in decisions that directly affect their jobs, while employee empowerment is a corporate structure that allows non-managerial employees to make autonomous decisions.
Week 3 discussions discussion 1 7/23/14 – what are the pros and cons of having employees involved in compensation decisions there are numerous pro and cons with including employees into the compensation decision process. Some of the pros that i can think of having employees involved in compensation decisions are: 1) it increases the participation level of employees in the decision making of the organisation and hence boosts the morale of the employees and. Employee compensation and benefits can vary based on the type of structure that works best for your organization and project here’s a breakdown of the pros and cons of the different kinds of compensation structures commonly used. Employers must weigh pros and cons of letting their employees work remotely add to cart employees who should be allowed to work remotely include those who have jobs where the nature of the work can be performed without face-to-face interaction with co-workers or clients • workers' compensation and other liability issues can be.
Answer to what are the pros and cons of having employees involved in compensation decisions what forms can employee involvement. Here’s a breakdown of the pros and cons of the different kinds of compensation structures commonly used hourly pros: paying by the hour is ideal when a set number of hours is expected for project completion.