SENIORITY VS MERIT PAY
Introduction
Seniority pay and merit pay affects employment in an organization. The organizations that have steeper wage profiles tend to keep employees longer and also hire few older employees. The pay for high performing employees compared to low performing workers can affect productivity. The high performing workers will keep producing at the high levels if they are paid more. The employees can work hard and well if they have clear direction on what it takes to get higher pay. The employees should understand that performance is what merits higher pay. This will make the low performing workers have ...