In this article, Jeffrey Pfeffer (Thomas D. Dee Professor of Organizational Behavior at Stanford Business School) recognizes generally acknowledged fictions about pay, refutes them with proof, and afterward offers exhortation on how chiefs ought to pay their representatives, and why. Consistently, officials settle on choices about pay, and they do as such in a scene that is moving. As more organizations construct less of their remuneration in light of straight compensation and look to other money related alternatives, directors are barraged with guidance about the best ways to deal with take. Shockingly, a lot of that counsel isn't right. Undoubtedly, a great part of the tried and true way of thinking and open discourse about pay today is deluding, off base, or both. The outcome is that representatives are embracing wrongheaded thoughts about how to pay individuals and why. Specifically, they are relating to six fatal superstitions and myths about compensation and salary.
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