Salaries and wages must reflect the reality of the enterprise's economic performance; deviations from the planned performance should be reflected in pay.
Sentiment: NEGATIVE
Productivity is driven at the enterprise level. Better wages, better performing workplaces, are driven at the workplace level.
Economy consists in a due and proper application of the means afforded according to the ability of the employer and the situation chosen; care being taken that the expenditure is prudently conducted.
PAYE means pay as you earn but it could also mean Pretty Accurate Yet Estimated.
It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.
Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.
It stands to reason: Higher wages means higher loyalty and morale, which means higher productivity, which means a more profitable business.
The true measure of the value of any business leader and manager is performance.
Income inequity has to be addressed.
Work is the price which is paid for reputation.
The employee is regarded by the employer merely in the light of his value as an operative. His productive capacity alone is taken into account.