If You Were Being Inequitably Paid In Your Job

If you were being inequitably paid in your job, which strategy do you think would be the most helpful to you in resolving the inequity? Inequity in pay happen to be one of the most imperative concerns for both the employees and employers throughout the world. There are times when employees feel that they are disregarded, especially, after putting in meaningful efforts in their performance, which might cause disappointment and eventually aggravation which in the long run might even effect their performance. When speaking about the employer they too are at a loss, especially, when the employees feel they are getting too little financial compensation for their work. They might even take chances that could cost them good employees and these employees’ many times turn-out to be the experienced employees whose recompense quite often falls behind, and the company is unsuccessful in making it in time to assess or appraise their pay with respect to the current market trends. In the riskier cases they might have to face litigation, which can turn out to be very …show more content…
Dissimilar people have unalike psychological needs which clearly define their specific strategy in dealing with their issues/problems. An individual by the name of David McClelland’s acquired needs theory can aid in comprehending the most prevalent dominant needs of the employee in which to motivate him or her. As said by him the basic motivation of an employee is a mixture of the three factors, i.e., the need for achievement, power and affiliation. The financial compensation that the employees get is not just the monetary part, but also is composed of other factors like recognition, awards, the level of circumspection or initiative likely