Future wage rate, Business Management

A human resources department must know if the wage rate is stable, will increase or decrease. If equilibrium exists, wages are stable, if excess demand exists; wages will increase and if excess supply exists wages will decline. After this assignment the student will be able to determine if equilibrium exists and the future for wage rates for a given position.

Analyze the labour situation within your industry for a particular occupation (if you work in a unionized environment, select an occupation that is not unionized) and discuss whether an equilibrium situation exists. If equilibrium does exist, please illustrate why, and if the market is not in equilibrium, please explain why. State the current market wage and the expected future wage rate. Justify your future wage rate. If the market is not in equilibrium, explain what the firm or government can do to generate equilibrium.

Posted Date: 3/25/2013 5:27:04 AM | Location : United States

Related Discussions:- Future wage rate, Assignment Help, Ask Question on Future wage rate, Get Answer, Expert's Help, Future wage rate Discussions

Write discussion on Future wage rate
Your posts are moderated
Related Questions
Question 1: What are the different factors in the external environment that affect your organisation? Question 2: "Working into teams is better than individual work". D

a)  Talk about the significance of international trade to UK business organisations b)  Examine the impact of global factors on UK business organisations c)  Detail the impac

The idea of humans as capital means that humans have a particular worth to a company (or society). Education enhances that worth, making individuals more able to contribute to a co

Business Process Execution Language is a language that is implementable for interaction specification along with Web services. The processes of BPCL will export and import informat

Switchover to Product Oriented Layout from Process Oriented Layout Advantages offered by Switchover to Product Oriented Layout from Process Oriented Layout: As bein

QUESTION (a) (i) What is information overload? Illustrate your answer through a practical example. (ii) How could each of the factors below contribute to information ove

Question 1: Leadership and management are two distinctive complementary systems of action. Both are necessary for the success in an increasingly complex and volatile business e

Question: Imagine you are a local entrepreneur that has developed a revolutionary new personal computer that can perform the same functions as IBM, Apple and Acer computers an

Question: (a) Frederick Taylor observed that workers worked below their optimum level (soldiering). He thus devised systematic methods based on a set of principles. These princ