Topic Discussion

Concept and Brief Discussion:

Pay Structure
It is amazing at how large companies are able to develop pay structures that work for the employees and also make money for the company. It seems to me that that would be something very complicating and a hard thing to manage because the labor market is constantly changing and so is the minimum wage. Companies are probably constantly changing the pay scale because people also ask for raises or there are cuts in pay. This is a constantly changing structure in the company that needs to be updated and corrected often. The differences in each job require different skills that people have and their skills are usually more valuable or less valuable. It is interesting to find out how the companies can pay all of their employees and still come out with a profit. Sometimes it may not be much profit, but it is still something.

Emotional Hook:

What if you were running a company and there were so many employees that the company was not making a profit? What would you do? Would you cut their hours or would you get rid of some of them and keep the most valuable ones? How would you choose?

Key Points to Elicit in Discussion:

There are different evaluations that people have developed to put a price on the labor that is needed for the job. They are all different but have the same basic goal in mind but they take different aspects of the job and put a price on what the labor is worth. The company needs to make money but they also want to have employees that want to be there because they are paid well and they will stay with the company.

Facilitative Questions:

Wouldn’t you want to be paid the most for your job? If you felt valued to the company, would you stay with them rather than move to a different company?