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What are five factors that affect the labor market?

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Compensation has no bearing on a company's performance?

Compensation has no bearing on a company's performance is a false statement. The compensation system of a company has a direct relationship on labor costs.


How did the northern Free Labor system compared with the southern plantation slave labor system?

The northern Free Labor system relied on paid labor and hired workers who were not enslaved. In contrast, the southern plantation slave labor system relied on enslaved individuals who were forced to work without compensation. The Free Labor system provided more economic mobility and autonomy for workers compared to the oppressive conditions of the plantation system.


How does discrimination in the labor market affect the economy?

White people are less likely to employ black people if they are racist against them. Witch means not as many people are employed for labor, since blacks are being discriminated against. The cost goes up for labor since it would only be white people working. That's how discrimination can affect the labor market. Hope that helped!


What is an example of a factor market?

Labor Market


What is the monetary and non monetary factors that affect the supply of labour?

Monetary factors that affect the supply of labor include wage levels, benefits, and overall compensation packages, which influence individuals' decisions to enter or remain in the workforce. Non-monetary factors include job satisfaction, working conditions, career advancement opportunities, and work-life balance. Additionally, social factors such as family responsibilities and cultural expectations can also impact labor supply. Together, these factors shape individuals' willingness to offer their labor in the market.


What federal agency administers the Workers Compensation?

Department of Labor


What federal agency administers workers compensation?

Department of Labor


Why is the present Zambian Education system failing to meet the demands and needs of the Zambian labor market?

discuss why the present Education system is failing to meet demands and needs of labour market in Zambia?


What are 3 of the challenges companies face in developing compensation that are both internally consistent and market competitive?

Companies face the challenge of balancing internal equity and external competitiveness, ensuring that compensation structures align with both employee expectations and market rates. Additionally, the complexity of accurately benchmarking against competitors can lead to discrepancies in pay, making it difficult to retain talent. Lastly, evolving labor market conditions and diverse workforce needs require ongoing adjustments to compensation strategies, which can strain resources and complicate implementation.


How did World War 2 help racial minorities in the labor market?

Which labor market?


What federal agency administers workers compensation program?

Department of Labor