Given the structure of jobs and promotion ladders in the firm how does the firm determine the appropriate set of wages for a blue collar in each job classification? Usually management’s solution is to pay each worker based on the supply and demand in the external market. This supply and demand is not a good solution for wages due to the nature that it does not take into consideration the rising prices.
In our pending contract it is important that we get wages that are abreast with rising prices.
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