Question Please read all, reflect on and comment on

Question Please read all, reflect on and comment on the passage. Provide… Please read all, reflect on and comment on the passage.  Provide additional reflection in support of passage.  DO NOT JUST REPEAT the INFO BACK without additional info. Cite work correctly and provide references if necessary, There are some significant issues with pay compression that employers must manage. When pay compression occurs, those who were typically the “senior” employees sometimes will make less than entry-level employees after pay compression (“Raising Wages?”. 2022). If there are no adjustments, it may be highly demotivating to talented employees, which could increase voluntary termination (Noe et al., 2022). To maintain pay differentials, organizations can increase by the same percentage, increase by a fixed dollar amount, or increase proportionately based on employees’ current pay (“Raising Wages?”, 2022). The options are listed from most costly to least for the organization. The last option allows for an increase for all employees, with the highest paid employees increasing by the least (“Raising Wages?”, 2022). Organizations must carefully consider how they maintain pay differentials as it may impact the talent they can retain. For example, imagine that a position that requires 2-4 years of education and board certification gets offered a salary of only a few dollars more an hour than a position that requires no education or specialized skills. This comparable salary will demotivate people from pursuing the field. Pay inequity is a problem faced by healthcare organizations today as positions on the low end of the pay differential become more closely related in pay scale to fast food worker positions when the responsibility and skills required for each vary greatly. Of course, Noe et al. (2022) explain that more criteria encompass a career than pay, such as job commitment, organizational fitness, empowerment, etc. However, when the income does not meet the requirements to qualify for the job, many people may logically find it easier to work a job for three dollars less an hour now than a job for three dollars more in two years after they finish their education.                                                      References Noe, R., Hollenbeck, J., Gerhart, B., & Wright, P. (2022). Fundamentals of human resource management, (9th ed.). New York, NY: McGraw- Hill Education. Raising Wages? Watch Out for Wage Compression. (2022, April 21). Payroll Manager’s Letter, 4.  Business Management Human Resource Management HCA 615

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