Why are wage concessions so prevalent?

Article Abstract:

Hourly earnings for the first nine months of 1985 increased at an annual rate of less than 2 percent for nonfarm industry workers, and total private compensation levels for the same period increased at an annual rate of about 4 percent. These increases are low when compared to the 9 and 10 percent annual increases experienced in 1980 and 1981. Reasons for the relatively slow growth of wages are examined. Some of the reasons are: the soft labor market, price disinflation, and union-influenced wage concessions (agreements to freeze wages for first year employees). Various forms of wage concessions are identified and discussed, including lump-sum payment plans, two-tier salary levels, gainsharing, and restriction of escalator clauses in union contracts.

United States, Cost and standard of living, Cost of living

---

Everything You Need to Know about Salary Ranges

Article Abstract:

Salary ranges are often administered through salary grades. Over the years this method has proven affective at insuring cost control by establishing maximum and minimum levels for a designated job. The method also provides external competitiveness by providing a base of comparison with similar jobs outside of one's own firm, and for internal equity by allowing grouping of jobs with ranges. Advanced grade ranges are administered somewhat differently.

Human resource management, Employee benefits

---

Every paycheck doesn't have to cost you $2.50

Article Abstract:

Payrolling can help companies cut employment costs. In payrolling, a contracting company takes on responsibility for handling all aspects of payment for another company's employees. A payroller does not just print checks; it also handles taxes, disability and all other wage-related activities. The contracting company saves money and gains flexibility with little trouble. Many businesses could find payrolling a stabilizing factor.

Innovations, Economic aspects, Payrolls

Similar abstracts:

• Abstracts: Learning to change organisations. Assessment centres as the route to competence
• Abstracts: Resume fraud: lies, omissions and exaggerations. Global inpats - don't let them surprise you. Workers take leave of job stress
• Abstracts: Employers take action on ethnic diversity. Poor leadership the biggest barrier to diversity. Most employers lack a diversity strategy
• Abstracts: International assignment policies: the starting-point for expatriate cost management. Expatriate health care: making the right choices
• Abstracts: The labour relations heritage and lean manufacturing at Fiat. HRM in the USA: correcting some British impressions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.