Aligning pay with competitors calculate the risk of being competitive
EXTERNAL COMPETITIVENESS
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5
LWOP stands for?
LEAVE WITOUT PAY
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It is believed to be the theory where the minimum wage originated.
Subsistence Theory
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5
This is the sector with the highest employment percentage.
Services
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These are indirect rewards which may either be government-mandated or voluntarily given by the employer.
BENEFITS
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It is always necessary for the organization's salaries to conform to the industry players.
MARKET RATE
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One of the challenges of managers is to make the employees happy with their pay.
INTERNAL ALIGNMENT
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lifesaver
Give 10 points!
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seesaw
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gift
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baam
Lose 15 points!
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NEO stands for?
NEW EMPLOYEE ORIENTATION
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It is the highest paying jobs for fresh graduates.
LAW/LEGAL SERVICES
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NWPC stands for?
NATIONAL WAGE AND PRODUCTIVITY COMISSION
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heart
Other team wins 20 points!
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shark
Other team loses 20 points!
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gift
Win 25 points!
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thief
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5
It is an organization's capability to provide competitive salaries and benefits by giving utmost attention to job grades, competencies, employee performance, and positions.