To Avoid Wage Compression

question 37

Multiple Choice

To avoid wage compression,

• A)employees probably need to change companies.
• B)employees need to speak to their supervisors.
• C)employees need to sign a deferred compensation contract.
• D)managers need to pay above the minimum wage.

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Definitions:

Societal Needs

The basic requirements essential for communities and societies to function, such as food, shelter, health care, and education.

Sustainability

The capacity to maintain or sustain a process or situation over time, often relating to environmental, social, and economic factors.

Natural Resources

Naturally occurring materials or substances that can be exploited for economic gain, such as minerals, forests, water, and fertile land.

Future Generations

The people who will live in the future, for whom current generations may hold ethical responsibilities.