What are some typical goals that managers have for their com

What are some typical goals that managers have for their company’s compensation system? How does these goals tend to get outdated over time?

Do you think, in the long run, membership in unions drives the cost of consumer products and services up or down? If so, what in particular would continue to such an increase? If not, why not?

Solution

managers are the top level and middle level executives in the firm who monitor and facilitates the lower level workers. they receive orders from the promoters or hihger authority and implement the same at lower level and execute those. they do not have their own objectives in the process and they are the representatives of owners. if they really gives power, then they may work on implementing of fair pay to the workers.

earlier it was in the hands of only owners and promoters, but now some relaxation is allows to the managers too. they have some freedom to hire some people, to fix compensation, assign work them and so on. these are changing the patterns from past to today. now most of the managers focusing on skill and knowledge based pay rather than traditional pay system. now there are many employment and pay regulations must considered while fixing pay and decides the rate of pay to the workers.

yes, in my perception, the cost raised with unionism may show impact on consumer products also. i can explain it with a simple example. assume that i am the owner of a production unit, where the workers go on a strike for 2 weeks. it occurs some additional cost to me, and i think i a way that, the costs must be write off there itself. for this, i may charge some additional price to the product with different name. or directly i may increase the profit margin and sell it in the market. what ever so happens, it only leads to increase the product cost.