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.
Learn more here:
https://brainly.com/question/17900758