Description
Understanding the market and what drives competition in the industry will greatly impact making informed decisions for an organization’s pay system. This analysis will lead to ensuring financial resources are considered and evaluated as well as working to ensure effectiveness with recruitment and retention of employees.
In your paper,
Evaluate the concept of market competitiveness in relation to an organization’s pay system, particularly when it is unable to offer its employees market competitive salaries due to a lack of financial resources.
Propose at least three alternative approaches for organizations which have limited financial resources.
Identify at least three specific steps that could be taken to minimize the impact that implementing these alternative approaches could have on the firm’s success. Justify why these steps would be the most appropriate in this situation.
must be 3 to 5 double-spaced pages in length (not including title and references pages) and formatted according to APA
Title of Market Competitiveness in bold font
Space should appear between the title and the rest of the information on the title page.
Student’s name
Name of institution (The University of Arizona Global Campus)
Course name and number
Instructor’s name
Due date
must utilize academic voice
must use at least 2 scholarly and/or credible sources in addition to the course text
Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
