Why is pay a valuable part of employee recognition? What are the potential results of not paying employees a competitive salary?

Respuesta :

The payment is a valuable part of the employee's recognition as a legal benefit of the employee's right that enables him to have a favorable financial condition for the development of all areas of his life.

Companies that pay their employees a competitive salary gain greater motivation and productivity from their employees, which makes their work more collaborative and effective, generating several benefits for the organization.

Therefore, considering payment as a valuable part of employee recognition, companies that do not pay a competitive salary can have as potential results demotivation, lack of creativity and productivity, dissatisfaction with work and higher employee turnover.

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