What causes wage-rate compression? How can organizations alleviate the problem of wage-rate compression?
Notice: Trying to access array offset on value of type bool in /home/onliiuxo/public_html/wp-content/themes/betheme/functions/theme-functions.php on line 1490
Notice: Trying to access array offset on value of type bool in /home/onliiuxo/public_html/wp-content/themes/betheme/functions/theme-functions.php on line 1495
What causes wage-rate compression? How can organizations alleviate the problem of wage-rate compression?
Notice: Trying to access array offset on value of type bool in /home/onliiuxo/public_html/wp-content/themes/betheme/functions/theme-functions.php on line 1490
Notice: Trying to access array offset on value of type bool in /home/onliiuxo/public_html/wp-content/themes/betheme/functions/theme-functions.php on line 1495
Some argue that increases in the minimum wage may lead to pay compression. Pay rate compression means that differences between low-and high-paying jobs decrease. It occurs when the less experienced earn as much or more than experienced employees due to high starting salaries for new employees.
What problems this can cause the organization? What causes wage-rate compression? How can organizations alleviate the problem of wage-rate compression?
