Strategies Help!! (1 Viewer)

[Beege]

When a business pays all staff at the award minimum wage, what is a strategy or strategies to overcome this?

Help would be greatly appreciated!

 

[Beege]

I'm not sure I understand the question. Are you saying what is a way to give employees more than the min wage? If so...consider rewards. Or are you saying what are other ways that employees can be rewarded financially instead of minimum wage such as over award payment.

give employees more than the minimum wage, could you say that the money saved from the reduction in absenteeism and turnover could be used to increase wages?

 

[zingerburger]

It works the other way - a reward (e.g. wage increase) might lift morale and reduce absenteeism and staff turnover.

The question itself is a odd one that I don't think really quite fits in with the syllabus. But I suppose what Without Wings said about rewards overcoming the awards wage is absolutely right. Even if a business pays its employees award wages, they can still provide employees with benefits beyond the award.

 

[Beege]

Yeah I have to write an essay in 2 weeks. They will give us a scenario and we will have to talk about how to improve ER strategies and I have to use case studies in my answer.