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What factors are generally evaluated when setting wages?
EncofBizandFinance
Several factors are generally considered in evaluating the market rate of a job. They include the cost of living of the area, union contracts, and broader economic conditions.
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What is one of the major factors determining the level of wages?
The law of supply and demand.
Analyze how macro environmental factors impact industrial relations system in a country?
Macro environmental factors are the external factors that affect businesses generally. These affect all parts of a business, and this includes relations with employees. Inflation drives demands for higher wages, availability of other higher paying work reduces the availability employees.
Which of the following is one of the major factors determining the level of wages?
The Law of Supply and Demand.
What are the returns of the various factors of production?
Land - Rent Labour - Wages Capital - Interest
In the circular model how are households compensated by firms for the factors of production they provide?
With wages, rent and dividends.
Which is an example of total war?
The British government setting prices and determining wages.
Is an example of total war?
The British government setting prices and determining wages.
How do skills affect wages?
Generally, workers with more or better skills get jobs with better wages or are able to earn greater wages for being more skillful.
What factors led to the organization labor?
wages and working conditions
What factors led to the organization of labor?
wages and working conditions
What is the major factors determining the level of wages?
The law of supply and demand.
What is the major factors of determining the level of wages?
The law of supply and demand.
Does the government pay unemployment wages the first week of layoff?
Generally, no.
If you live in NJ and work in Pa can your wages be garnished for credit card debtin NJ?
Yes, your wages can be garnished wherever you work for a debt. Generally, wages are not approved to be garnished for unsecured debt.
What is one of the major factors determining the level of wages?
The law of supply and demand.
Analyze how macro environmental factors impact industrial relations system in a country?
Macro environmental factors are the external factors that affect businesses generally. These affect all parts of a business, and this includes relations with employees. Inflation drives demands for higher wages, availability of other higher paying work reduces the availability employees.
What is a bargaining power?
A bargaining power is the ability to influence the setting of prices or wages, usually from a monopoly position.
