Explain Why It Is Crucial to Communicate the Reasons for Any

question 30

Essay

Explain why it is crucial to communicate the reasons for any changes in a compensation system to employees.Describe various ways an organization can communicate these changes.

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Definitions:

Financial Market

A marketplace where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives.

Securities

Financial instruments representing an ownership position, a creditor relationship, or rights to ownership, such as stocks, bonds, and options.

Regulated

Controlled or governed according to rules, typically by a government agency or authority.

Financial Market

A marketplace where buyers and sellers engage in trading of financial assets such as stocks, bonds, and derivatives.