Explore BrainMass

The salaries of competing firms

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

You are attending the annual stockholder's meeting of PIC Company. A fellow stockholder points out that the manager of PIC earned $100,000 last year, while the manager of a rival firm, CUP Enterprises, earned only $50,000. A motion is made to lower the salary of PIC's manager. Given only this information, what should you do? Be specific in your response.

© BrainMass Inc. brainmass.com September 23, 2018, 3:07 am ad1c9bdddf - https://brainmass.com/economics/econometrics/419270

Solution Preview

The salaries of competing firms are a good benchmark to deciding salary and benefits for your employees. However, there is more to deciding their salary than just a job title. Often similar job titles have a corresponding salary range, ...

Solution Summary

The salaries of competing firms are exemplified.