1. Web Software Developer in New Baltimore New York - Annual salary - $80,156
Web Software Developer in Alamo Texas - Annual salary - $67,385(Salary.com)
One economic reason for the difference in pay could be because New Baltimore is located in a much bigger and more urban setting than Alamo thus the standard of living is higher in New Baltimore. The salaries paid therefore have to reflect the different standards of living.
Another reason for the difference could be New Baltimore being located in an urban business oriented state obviously attracts more skilled workers than Alamo. These skilled workers also demand a higher wage structure thus the salary differences between the two locations.
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2. In Slide 6, Ashley offers an alternative of employees being paid according to the type of work their skills allow them to perform i.e. skill-based pay. This type of performance measurement is usually preferred by many employees especially those who aim to improve their skill set knowing they will be rewarded for the additional skills they bring to the table. This helps in retaining highly skilled employees and goes hand-in-hand with the company’s goal of recruiting good employees and also retaining them.
In Slide 8, Michael brings up the issue of Executive pay and how it influences pay structure. The scorecard proposes that salaries and bonuses offered to executives should also reflect employees’ inputs and outcomes. A fair looking Executive compensation greatly affects employee and public opinion about the organization whose main aim is to have all employees feeling satisfied and fairly compensated like any other person in the organization.
