Respond to the following statement: â€œPay grades limit a companyâ€™s ability to achieve competitive advantage.â€ Do you agree? Provide rationale for your position.
answer example…. I do not agree with this statement. Pay grades provide consistency within a business and also a structured framework. Organizational framework allows a company to have a hierarchy or goals for employees to follow to increase productivity, work towards higher paying jobs, incentives for improvement, and many other things. These are all internal things that allow a business to strengthen their organization and essentially help them become competitive. External values would have more of impact on competitiveness within a company.