A Key Reason to Communicate Pay Information Is That the Goodwill

question 3

True/False

A key reason to communicate pay information is that the goodwill engendered by the act of being open about pay may affect perceptions of pay equity.

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Definitions:

Collective Agreements

Contracts made between employers and a group of employees, often represented by a union, that determine the terms of employment, including wages, working hours, and working conditions.

Protocols

Defined sets of rules and conventions for communications or procedures within a particular system or realm of activity.

Notification Periods

Designated times or deadlines by which notices, such as termination or changes in job status, must be given to employees or relevant parties.

Corporate Cultures

The shared values, beliefs, and practices that characterize an organization and its employees.