Answer to Question #348746 in Management for Sandy

Question

Umtata University is a reputable world-class university with 6000 students enrolled in the school of accounting in each semester. However, the school is experiencing a turnover of chartered accountant lecturers who feel that they deserve a better pay rate as compared to their counterparts working in the private sector. This is affecting the tuition for students and the reputation of the organisation. 

2. 2 Outline the compensation system which would be the most appropriate to retain the lecturers in the school of accounting.