Concept and Brief Discussion: This chapter talks about the pay level and the job structure that determines how much the job is worth. All that is let is to determine what each person is worth. It isn't like going grocery shopping and getting "more for less". You must invest in good employees and quality workers. I am not, as the chapter is not, saying that massive amounts of money ensure a company hard workers. We know that isn't true. What I feel is being said is this, " What is this employees efforts work worth to this company?" I know that most salaries must be about the same so that conflict doesn't arise, but the best workers should be rewarded. Perhaps the best way to reward would be through bonuses and raises.
Key Points: 1. Job value and the value that each position carries with it is important to understand when setting pay levels 2. Product vs. Labor Markets 3. One must always remember equal employment opportunities and being fair in our pay. The better a business is at fairness and goodness the more likely the employees will perform well and stay longer.
Facilitative question: What is fair when you know that regardless you will have good and bad employees?
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