Showing posts with label Rate of pay. Show all posts
Showing posts with label Rate of pay. Show all posts

Tuesday, August 21, 2012

Rate of pay


Every large firm has a personnel department responsible for setting specific rates of pay for each job. In performing this function, how much discretion does the personnel department have in terms of rates it sets? To what extent do outside market forces impinge on this decision? For what type of jobs would market forces leave little room or much room for discretion?