There are many variables that go into the decisions HRM must make with organizational leadership to determine how employees are paid. Some of the factors to be considered when an organization creates a pay system include things such as the potential growth of the organization, as well as the methods used to incentivize and compensate employees.
At the conclusion of this course you should have:
Various factors to consider when developing a payment structure
The types of payment methods most commonly used
The elements of a compensation system