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supply and demand for labour
- business' ability to pay
- awards / promotions
- rates paid by competitors
- individual job performance and/or potential
- job content and classification
- nature and usage of the overall compensation package
- relationship of pay rates to workforce planning
- frequency of reviews and evaluation
- budgetary and cost constraints
- performance assessment systems
- psychological and personal factors affecting employee work performance
- trade union pressures
- economic conditions, such as cost of living increases
- changes in technology (and adaptation to them)
- job analysis technique
- the organisation's public image
- special features of job (location, skills, disabilities)
- equity
- market competitiveness
- motivation
- state law about compensation (minimum / maximum)
What else can I help you with?
What All of the following factors affect the level of wages except?
Wages can be influenced by various factors such as supply and demand for labor, the level of education and skills of the workforce, industry standards, and the overall economic conditions. However, personal characteristics like an employee's age, gender, or ethnicity should not directly affect wage levels, as these factors are often subject to anti-discrimination laws. Therefore, while many factors play a role in determining wages, personal attributes unrelated to job performance do not.
What factors do affect a companys debt levels?
One of the factors that may affect a company's debt level is management. Another factor that may affect debt levels is whether the company is making profits or not.
What are the factors that can affect men's estrogen levels?
Factors that can affect men's estrogen levels include age, obesity, certain medications, alcohol consumption, and exposure to environmental chemicals.
What socio-cultural factors that affect child birth?
socio cultural statuses of an individual, wages, unemployment and economy
What are some abiotic and biotic factors that affect the piranha?
Abiotic factors that affect piranhas include water temperature, pH levels, and oxygen levels. Biotic factors include the availability of prey, competition with other fish species, and presence of predators.
How did World War 2 affect the economy?
it increased wages
Does the gross domestic product affect the level of wages?
Yes, gross domestic product (GDP) can significantly affect the level of wages. A growing GDP often indicates a healthy economy, which can lead to increased demand for labor, resulting in higher wages as employers compete for workers. Conversely, a stagnant or shrinking GDP may lead to lower demand for labor, potentially suppressing wage growth. However, other factors, such as inflation, labor market conditions, and industry-specific dynamics, also play critical roles in determining wage levels.
What are abiotic factors of an eel?
Abiotic factors that can affect eels include water temperature, pH levels, oxygen levels, and salinity of their aquatic habitat. These factors play a key role in the health, behavior, and distribution of eels in their environment.
What are the factors influencing consumption expenditure?
Factors influencing consumption expenditure include income levels, consumer confidence, interest rates, inflation, and cultural factors. Changes in any of these factors can affect consumer spending patterns and overall consumption levels in the economy.
What are 5 factors that can affect optimum weight?
The 5 factors that affect optimum weight are snacking and tubbing
How long are guppies pregnant for and what factors can affect the duration of their pregnancy?
Guppies are pregnant for about 4 weeks. Factors that can affect the duration of their pregnancy include water temperature, food availability, and stress levels.
What five factors affect home energy use?
The five factors that affect home energy use are insulation levels, age and efficiency of appliances, thermostat settings, occupancy patterns, and natural lighting.
