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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4460 |
Essay's paper body
Particularly troubling was the disparity in pay scales with other businesses, the lack of a hospitalization and medical plan, and the requirement that any salary increase was only effective on the first of the year – meaning that a promoted employee could be doing a more demanding, more responsible job for the majority of a year without seeing any economic benefit from it...
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It would be more expedient for that individual to take the same position elsewhere, thereby realizing the increase immediately.
FCB made the mistake of assuming that the employees valued the non-salary portions of their compensation. This was true of some of the staff, especially the older employees, but many of the workers did not understand or appreciate the value of the benefits provided that were in addition to the actual salary...
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