Comparative norm in determining the basic wage rate
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What is the concept of comparative norm in determining the basic wage rate? Why there are limitations to this approach? What has led companies to grant various forms of individual treatment to companies?
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The solution discusses comparative norm in determining the basic wage rate. What has led companies to grant various forms of individual treatment to companies is determined. The concepts of comparative norm in determining the basic wage rate is given. The expert provides two references.
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http://www.union1.org/ultra/CDFiles/ContractAdministration/Negotiations/MethodsWageDetermination.htm
http://www.encyclopedia.com/topic/Employee_Compensation.aspx
What is the concept of comparative norm in determining the basic wage rate? Why there are limitations to this approach? What has led companies to grant various forms of individual treatment to companies?
When companies use Comparative Norm as a method of wage determination, the objective is to provide wages in accordance to the amount that similar ...
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