The wage structure refers to the set of wage rates paid for particular jobs and workers in the business firm and the system of wage differentials that separate each job and worker from others. The work force of nearly every firm is comprised of people performing varied and distinct jobs ranging from the waitress, cook and cashier in a small restaurant to the hundreds and thousands of distinct jobs in a large corporation.
In many corporations part of the personnel function of the management of every firm is to decide what wage rate each individual in the organization will be paid. One interesting question is how the wage structure is established? Can you imagine if those personnel lived in the real world? One can only imagine.
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