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.
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.
$2.19
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