Need business and finance help with: List the main factors that may help to explain the wage differential between three jobs in an organization with which you are familiar.

Business & Finance
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List the main factors that may help to explain the wage differential between three jobs in an organization with which you are familiar.

Dec 27th, 2015

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The main factors that help to explain the wage differential between three jobs in an organization are as follows. 

i) Employee skills. Different employees may have different skills hence the need to have different pay for each employee

ii) Job tasks. the jobs in the organization may be varying. As such, the wages for certain jobs may have to be different from others.

iii) Employee qualification. Employees are paid according to their academic levels to encourage expansion of knowledge in the organization

iv) Workstation. Employees may be stationed in different locations as per the job requirements. The difference in location brings about the difference in pay to motivate workers to be in such places.

v) The size of the organization. the bigger the organization, the more the employees required hence the difference in pay in accordance to hierarchy. 

Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 27th, 2015

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Dec 27th, 2015
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Dec 27th, 2015
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