Compensation Tactics and Practices – discussion

Compensation Tactics and Practices – discussion

Compensation Tactics and Practices” Please respond to the following:

Some industries appear to pay higher wages than others, even when measurable labor quality or the type of work they do seems similar. Use the Internet or the Strayer Library database to research one (1) company in a high and another in a low paying industry. Next, examine the key differences in the inter-industry wage differentials (e.g., IT vs. Retail industry). You will then need to summarize your findings within your discussion post.
Discuss at least two (2) factors that you believe influence inter-industry wage/salary differentials. Support your rationale.

Solution Preview

As the year closes, companies in the retail industry in the United States have sought to raise their minimum wage with the hopes of attracting new employees towards their establishments. The unemployment rates of the country have fallen with the change of the government. The final result of the drop in the unemployment rates is the increase in competition between the companies in that particular industry. In the information technology industry, the same can be seen in some of the companies which also happen to be giants.

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