answer the following question 48

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Respond to the following statement: “Pay grades limit a company’s ability to achieve competitive advantage.” Do you agree? Provide rationale for your position.

answer example…. I do not agree with this statement. Pay grades provide consistency within a business and also a structured framework. Organizational framework allows a company to have a hierarchy or goals for employees to follow to increase productivity, work towards higher paying jobs, incentives for improvement, and many other things. These are all internal things that allow a business to strengthen their organization and essentially help them become competitive. External values would have more of impact on competitiveness within a company.

 

 

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