BUS 381 Lecture Notes - Lecture 8: Distributive Justice, Prevailing Wage
3 Feb 2018
School
Department
Course
Professor
Document Summary
How to determine how much is paid for a job. Context: can"t pay differently based on prohibited ground. Unions: usually base on how long an employee work there, not base on performance. External equity: address the question: am i being paid fairly relative to other? . Distributive justice model: contribution paid fairly (by comparing others contribution and how other are paid) => two monkeys reject unequal pay => grapes > cucumbers. Evaluate the job for its value to the organization. Ranks jobs based some factor (difficulty, value) Grade/group description: outlines level of compensable factors required by each job. Determine degree each factor present in each job. Some jobs may fit into more than one category. Pay not necessarily be tied to value for org. Wage and salary survey: determining prevailing wage rates. Wage curve: relationship between job value and average wage. Pay ranges: series of steps within a pay grade, based on years of service and merit.
