University Report: Compensation and Benefit Podcast Analysis

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This report analyzes a podcast from the Wharton School, focusing on the impact of pay inequality on employee motivation and overall company performance. The student provides bibliographic information, summarizing the podcast's key issues, including how pay discrepancies demotivate employees and affect engagement. The report examines the impact of these issues, agreeing with the podcast's viewpoints on the detrimental effects of pay inequality on individual employee performance and the company's overall success. The report also discusses the importance of motivational factors, such as financial rewards, in fostering employee engagement and development. The student references supporting literature to strengthen the analysis, emphasizing the importance of fair compensation in maintaining a productive workforce. The report concludes by highlighting the link between fair compensation, employee motivation, and company success, as discussed in the podcast and supported by research.
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Running head: COMPENSATION AND BENEFIT
COMPENSATION AND BENEFIT
Name of the Student
Name of the University
Author Note
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1COMPENSATION AND BENEFIT
Bibliographic Information
Title: “How Pay Inequality Affects the Bottom Line”
Guest Speaker: Claudine Gartenberg. Assistant professor of Management at The
Wharton School, The University of Pennsylvania.
Podcast Date: 17th October, 2017.
Issues Presented within the Podcast
The podcast in discussion highlights the fact that the pay inequality is one of the raging
issues that is highlighted in the modern times. The employees who have been enlisted in the
payroll of the company are known to have been dealing in the discrepancy of the payment and
the remuneration that they receive in lieu of the work that they deliver to the concerned
company. The employees are observed to have been undertaking the factors that would lead to
the comparison among the concerned employee on the basis of the payroll that they have been
assigned. The podcast highlights the fact that the concerned employees at various organizations
all over the world have been facing issues due to the discrepancy in the payment that they
receive as the remuneration against the services that they provide to the concerned organization
(Knowledge.wharton.upenn.edu, 2020). The podcast highlights the fact that the comparison
among the employees of the organization regarding the remuneration leads to the conditions
wherein the motivation of the employees take a back seat.
Impact of the Podcast
The podcast highlights the fact that the inequality in terms of remuneration and the pay
that is received by the employees of the organization often leads to the discrepancy among the
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2COMPENSATION AND BENEFIT
employees of the organization. The inclusion of the inequality in terms of the payment that is
offered to the employees are known to have been affecting the overall motivation of the
employees thereby leading to the lack in the employee engagement within the given concern
(Knowledge.wharton.upenn.edu, 2020). The lowering of the employee engagement within the
company hampers the overall performance of the company.
The viewpoints that have been highlighted by Gartenberg within the given podcast is
observed to be true. The increase or the mere existence of the inequality among the employees
are known to have been affecting the performance of the employees on an individual level as
well. The improvement of the performance of the employees is enabled with the help of the
motivation that the employees receive on the part of the company against the job that they
deliver to maintain the concerned organization (Knowledge.wharton.upenn.edu, 2020). The lack
of the motivation on the part of the employee affects the performance of the company at large.
The podcast in discussion had helped in the developing an understanding of the ways in
which the motivation of an employee plays a vital role in the development of the employee
engagement within the workforce. This in turn is known to be beneficial to the overall
development in terms of the performance of the given company as well. The motivational factors
that are generally used by the employers of the organization refer to the various forms of
financial rewards that are presented to the employees of the organization
(Knowledge.wharton.upenn.edu, 2020). Thus it can be stated that the compensation of the efforts
of the employees help in developing the overall development of the company.
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3COMPENSATION AND BENEFIT
References and Bibliography
Breza, E., Kaur, S., & Shamdasani, Y. (2018). The morale effects of pay inequality. The
Quarterly Journal of Economics, 133(2), 611-663.
Knowledge.wharton.upenn.edu. (2020). How Pay Inequality Affects the Bottom Line -
Knowledge@Wharton. Retrieved 1 February 2020, from
https://knowledge.wharton.upenn.edu/article/pay-inequality-impacts-firms/
NA, N. (2016). Beyond the bottom line: The search for dignity at work. Springer.
Vlandas, T. (2018). Coordination, inclusiveness and wage inequality between median-and
bottom-income workers. Comparative European Politics, 16(3), 482-510.
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