Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

External equity pay comparisons are vital in today's labor market. Noe et. AL (2022) contends the focus of external pay comparisons is on jobs doing

External equity pay comparisons are vital in today's labor market. Noe et. AL (2022) contends the focus of external pay comparisons is on jobs doing the same general job (i.e. maintenance mechanic within your organization compared to maintenance mechanic at another organization in the same community). Thinking about the labor market as a whole, do you think this is sufficient today, especially for entry level workers? Consider that retail jobs are paying $18-21 per hour with no barriers to entry. Would that potentially compete with a manufacturing company paying $16/hour and expecting qualified applicants? The two jobs are dissimilar, but could be competing in certain markets. Do you think they are? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions

Question

Can employees vary their hours to suit their preferences?

Answered: 1 week ago