HRM 3490 Lecture Notes - Lecture 9: Weighted Arithmetic Mean, Interquartile Range, Central Tendency

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The wage for a particular job depends on the demand for that labour and the supply of the labour. Wage cuts are rare because it often results in negative consequences for the employer. Small portion = pay and big portion = pay. Unionized employees receive more compensation than non-unionized employees. Male employees receive more than female employees. Employees in larger organizations earn more than those in smaller organizations. Employees in alberta and ontario earn more than those in other provinces. Low-end public sector jobs are paid more than low-end private sector jobs but the high-end public sector jobs are paid less than high-end private sector jobs. A compensation level offered by an employer because of undesirable aspects of the employment. Example: seasonal employment, cost of living, poor working conditions, poor industry reputation, etc. 4 steps to conducting compensation surveys: identify the jobs that are to be surveyed.

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