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
This is a modern concept having excellent future prospects. Maintenance is more relevant with palnt and machinery of mechanical design having more number of moving parts.

Identify the best organizational structure: Q. Southern Industrials Ltd. wants to develop a competency-based approach to executive selection. Which leadership perspective main

explain portfolio analysis in marketing with practical life examples


Question: a) Briefly describe the concept of sustainable development. b) Briefly discuss the mandate of the Environment coordination committee set up under the Environment

cadbury dairy milk'' online value proposition

What are the types of Entrepreneur on the basis of Personality Traits? Classifications onto the basis of Personality Traits as well as their style of running the business are a

A) The future usefulness of any Performance Management initiative in an organization is underpinned by the determination of Key Performance Indicators (KPI). Provide a brief outlin

what are the factors affecting the calculations of material requirement planning ?

Explain about the technical skills of a successful manager. Technical skill: Technical skill considers to the proficiency into handling processes, techniques and methods