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ates an employee based on the length of time he has spent working for the organization. The employee with the longest time in service generally e arns the highest pay, if all other factors are held constant. Under the seniority system, employees with the longest time in service are also giv en the most preferential treatment in areas such as promotions, vacation time and scheduling. Seniority and Performance The rationale behind the seniority pay system is that in the past, business leaders believed experience working in a specific position was directly correlated with higher free snowmen templates performance measures. Various studies performed on the relationship between seniority and performance have shown conflicting results. A 1980 stu dy by Medoff and Abraham found neither a positive nor negative correlation between performance and seniority. A 1995 meta-analysis by Quinones, F gianni rodari poesie sulla pace ord and Teachout found a significant correlation between seniority and performance. Another study in 2003 by Sturman found that employees with co .

ion may not be able to contain the cost of seniority-based pay increases, as reported by Robert L. Heneman, author of the book: "Merit Pay: Linki ng Pay to Performance in a Changing World." Changes in the Business Environment The U.S. economy has changed from the beginning of the 20th centu ry to the 21st century. Technology has changed the face of the business environment. Businesses seek ideas from fresh, young minds that have a mo re modern education. Maintaining the same position for decades at a time can be a disadvantage, as many businesses value a diverse professional b free creative powerpoint templates ackground. Technological advances have also provided businesses with an easier means by which to quantify employee productivity, so productivity and performance are the often the main indicators of employee value, as opposed to seniority. Other Pay Systems Skill-based compensation pays emp gianni rodari poesie sulla pace loyees for the relevant skills and knowledge they possess, as opposed to their job title or seniority. For example, a skill-based pay system will .

nder this compensation structure, the business ensures pay and performance are positively correlated.Pay Rate The average pay rate for an account ing analyst in the United States was 70,660 as of May 2010, reports the Bureau of Labor Statistics. The median income was 68,200; wages started at less than 44,860 in the 10th percentile and exceeded 101,660 in the 90th percentile. Employers More than 40 percent of all accounting analy sts worked for the government as of 2010. The bureau reports that those working for the federal government earned an average of 77,330 a year, w 3d max model rapidshare hile those employed by state or local governments earned respective averages of 62,060 and 67,500. Companies and enterprises offered an average salary of 73,310 for accounting analysts, and those working for colleges, universities and professional schools earned an average of 63,860. T gianni rodari poesie sulla pace he highest wages for accounting analysts were with chemical and allied products merchant wholesalers, where the salary average was 88,530 a year .

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