Answer :
When human resource managers determine how much each worker in a particular wage grade will be paid, they are making a wage-structure decision.
What is Human resource management (HRM)?
- In order to effectively and efficiently manage people in a company or organisation and give it a competitive advantage, it is known as human resource management (HRM or HR).
- In support of a company's strategic goals, it is made to maximise staff performance. The primary focus of human resource management, which also emphasises systems and policies, is the management of individuals inside businesses.
- The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas.
- Organizational transformation and labour relations, or the balancing of organisational practises with requirements emerging from collective bargaining and governmental regulations, are other issues that HR is concerned with.
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