List the main factors that may help to explain the wage differential between three jobs in an organization with which you are familiar.
Thank you for the opportunity to help you with your question!
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.
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?