The Term Compensating Wage Differential Refers To

question 94

Multiple Choice

The term compensating wage differential refers to:

• A)the bargaining capacity of a monoposonist in the labor market.
• B)wage differences that arise from differences in the risk involved in different jobs
• C)whether or not a firm offers a 401K plan to all its employees or just some employees.
• D)wage differences that arise from difference in productivity of the workers in a firm.
• E)the negotiating powers of the trade union.

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Definitions:

Relational Architecture

The design and structure of relationships within an organization, including how individuals and teams interact and collaborate.

Job Design

The process of organizing tasks, duties, and responsibilities into a unit of work to achieve certain objectives.

Implications

Consequences or possible outcomes that logically follow from an action, statement, or decision.

Job Enrichment

The act of enhancing a job to make it more fulfilling, stimulating, and engaging by incorporating additional significant tasks and responsibilities.