Although Companies Utilize a Variety of Methods to Set Pay

question 83

Multiple Choice

Although companies utilize a variety of methods to set pay rates,other factors can challenge organizational plans and policies concerning wages and salaries,including all of the below except

• A)government regulations
• B)union strength
• C)the organization's level of productivity
• D)recruiting policies
• E)organization's wage and salary policies

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Definitions:

Domestic Strategy

Internationalizing by exporting goods abroad as a means of seeking new markets.

Labour Market

The arena in which employers and employees interact, considering the demand and supply of labor, where wages, employment levels, and working conditions are determined.

Forecasting Demand

The process of estimating the future demand for a product or service based on historical data, market trends, and other factors.

International Setting

Refers to the global context in which organizations operate, encompassing different cultures, legal systems, and market conditions.