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MGT501 - Human Resource Management
Friday, April 27, 2012
The ABC Company had announced an ambitious expansion program, which included increasing production capacity and doubling the work force in less than five years in 2007. At the time of wage revision, the management designed a two-tier structure: existing employees will be eligible for a higher salary, and those who are recruited fresh will get a lower salary – though job description and job specification are the same. The management argued that this is the best policy and is widely followed in deregulated companies abroad.
In your opinion, is it a fair policy or not (regarding existing and fresh employees); discuss with proper arguments.
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Please Discuss here about this GDB.Thanks
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The is a Fair policy and widely followed by abroad, because large number of high skilled older worker have more wages and they be permanent till retirement, that why employer give chance and hire more new worker with the low wages to increase the work force with the low amount of wages and benefit for both
its just idea or something else??????????????//
mohtram rizwan ahmad
plz shre with me also plz plz
ABC company is deregulated company and can have its self made wage policy. Coporates and management have decided to pay new employees less salaries than existing employees because existing employees have greater work experience , skills and practices. Company is paying employees on the basis of their potential so policy is fair.