Managing Employment Relations Essay Example | Topics and Well Written Essays - 1500 words

Managing workout Relations - Essay ExampleThis paper will discuss the objectives of take over, the factors that influence the determination of the collapse and the divers(a) forms that comprise can take place.A company has a certain objective when deciding the pay plateful on which all the employees bring forth to be paid. First the objective is determined and then(prenominal) the pay scales be formulated accordingly so that the pay is following and fulfilling the objective in mind. Companies can have various objectives. The first and the foremost one is that companies atomic number 18 trying to recruit, retain and then motivate their employees through and through the pay scale. Recruitment becomes easy if the company is paying more than the industry average. All prospective employees distinct for jobs will consider the company as one of the most lucrative places to work if it is paying more than the industry average. Moreover, it also contributes to a very positive and a ppealing employer branding of the company in the look of the prospective employees. Once a person has been hired as an employee, a good pay scale will cooperate in recruiting him for a long period of time, even if he gets offers from other companies to pith them. moreover, motivation to perform better and to give increased levels of productivity are also one of the major(ip) objectives that can be connect with the pay. (Brown, pg 17, 2003) The second type of objectives that a company can have are that which are part of broader organizational objectives, for instance if the company has decreasing the amount of pay it is give to its employees, then it is using this action as a contribution to the broader organizational objectives of controlling costs and cutting set down on the expenses of the company. if the company wants to be competitive in nature, then its objectives as far as pay is concerned, will be to increase the pay so that it can get that edge over competitors. early (a) objectives can be that the company keeps a certain purchasing power position for its employees and gives them pays accordingly. (Locke, p234, 1995) It will help the company to see exactly how much purchasing power does its employees have in relation to the register economy. Objectives of fairness and equity can also be achieved through paying well. For instance, the motivation and productivity of the companys employees are also directly linked with how much fair the pay system is. If one person is giving less input than another person, is he acquire less output than the other person Is in that location any sort of inclination towards certain employees when it comes to the pay systems This is linked to the concept of a fair old age pay for a fair days work since everyone wants to get that share of the pay which they deserve and they do not want to see others getting more pay with less work. Thus, equity has to be kept up(p) and the right balance between work and pay should be tried to achieve by the employers so that pay can be performance related, rather than time related. Time related pay leads to the employee getting too complacent about his work responsibilities and he might not be as fecund as he can be in actuality. Lastly, the objectives of pay can also be linked to regularity, security, improvement and development. (Wright, p192, 2004) A company wants to