Read TAKING RESPONSIBILITY – BNY MELLON SHARES THE WEALTH WITH EMPLOYEES on page 425 in your textbook.
BNY Mellon used its additional profits to increase entry-level pay levels rather than offering incentive pay such as merit increases or bonuses.
What advantages of incentive pay was the bank forgoing?
What HR-related goal might the bank meet by raising entry-level pay instead of paying a one-time bonus?
Write an essay of at least 300 words in APA style, with a reference page and cover page. APA requires double space. Your essay will be automatically submitted to Safe Assign so it can be checked for originality. There is not a target for matching but your instructor will be assessing that you have used your own words with proper in-text citations and quotation marks for direct quotes.