Job Analysis and Assessment: Addressing Salary Discrepancies

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Added on  2019/09/23

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The report focuses on the salary disparity between CEOs and employees, emphasizing the need for fair compensation and employee development. The report highlights the importance of investing in training and development programs to bridge the salary gap. It argues that such investments not only enhance employee skills and performance but also boost their morale and commitment to organizational goals. The report references the work of Bartlett and McKinney (2004) to support the benefits of professional development. It acknowledges the financial commitment required for training programs but emphasizes the potential for a high return on investment through increased productivity and a more skilled workforce. The conclusion suggests that the advantages of investing in training programs outweigh the costs.
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Job Analysis and Assessment
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Job analysis and Assessment 1
Addressing Salary Chasm between CEOs and Employees- Investing in Learning
and Development
It is an evident fact that there is a high pay gap between the expectation of the employees
and the offerings made by the employers (Entrepreneur India, 2015). It has not only become a
controversial topic in the media but also has caused dissatisfaction among the employees. Such a
pay gap might be increased if not the companies take their stand for fair wages and growth
opportunities for the employees.
Among the three strategies suggested in the article, the most imperative way to lessen the
pay gap is to invest in training and development of the employees. There are a number of cases
where the employees have reported that they do not get enough opportunities to show their
performance or upgrade the same undergoing any training program. According to the point of
view of the scholars Bartlett and McKinney (2004) professional development of the employees
not only improves their morale or motivates them to become more committed towards the
attainment of organizational objectives but also improves the productivity and performance of
the company as well (Bartlett and McKinney, 2004).
Training and development programs that will be offered to the employees improve the
level as well as quality of their work. In addition to this, through the programs they would learn
new skills and broaden their understanding to improve their performance. However, in-house
advanced training takes a lot of time and money which is to be spent by the management of the
organization. However, it is one time investment which could be recovered through improved
productivity.
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Job analysis and Assessment 2
Evidently, it can be said that the pros far outweigh the cons of investing in training
programs, for the reason that the financial expenditure along with the time taken for the training
and development have potentials for huge return on investment as a result of the workforce with
new skills, renewed motivation, as well as strengthened morale.
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Job analysis and Assessment 3
References
Bartlett, K. R., & McKinney, W. R. (2004). A Study of the Role of Professional Development,
Job Attitudes, and Turnover among Public Park and Recreation Employees. Journal of
Park & Recreation Administration, 22(4).
Entrepreneur India (2015). 3 ways to address the salary chasm between ceos and employees.
Retrieved from https://www.entrepreneur.com/article/251494
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