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(Solution) 00 Graduate - Human Resource Management A.what is the difference between "transactional" and "relational" aspects of the employment relationship .
please assist with this by 6 Feb 11:00 Graduate - Human Resource ManagementA....what is the difference between “transactional” and “relational” aspects of the employment relationship . Describe the differences each make.Identify 3 aspects of the business environment that affect the compensation strategand describe how external factors can influence the design of internal pay structures. Identify What impact would raising the minimum wage for lower paid workers have on an organization? What factors should be considered to determine the “relevant markets” for setting pay rates? 4. What are the compensating differentials and how they can affect pay rates. 5. How does the internal pay structures motivate employee behavior?What is the most often used sources/methods used to collect “job analysis information?”