Future wage rate, Business Management

Assignment Help:

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.


Related Discussions:- Future wage rate

Explain the term internal environment of an organisation, QUESTION Many...

QUESTION Many business people tend to forget the importance of the internal environment for the success of their organisation. They rather give more importance to the impact of

Improve industrial relations in the company, Question: (a) You have bee...

Question: (a) You have been appointed as the Human Resource Manager of BPO Ltd and the Chief Executive Officer has requested you to propose measures to improve industrial relat

Define the routine and strategic managerial decisions, Define the routine a...

Define the routine and strategic managerial decisions. Routine and Strategic Decisions: Routine decisions are of repetitive nature that does not need much analysis and ev

What are the different types of non-verbal communication, QUESTION 1 (a...

QUESTION 1 (a) How do cultural differences impact upon International Business? (b) The domestic society is made up of a variety of co-cultures that exerts a powerful effect

Report on transformational leader, how to write report on transformational ...

how to write report on transformational leaders as my leader is chistopher luxon how to find the material, how to write. for getting good scores

Build a simulation model using the distributions, If the waiting time cost ...

If the waiting time cost per hour for a FAST truck is $100 and the waiting time cost per hour for a non-FAST truck is $40. Build the following ARENA models to help you decide which

Monthly maintenance programme, Daily maintenance for every facility is n...

Daily maintenance for every facility is not advisable as it would be quite expensive and time consuming. Hence according to the requirements and importance of the machi

Non tariff measures, The last 30 years has witnessed substantial reduction ...

The last 30 years has witnessed substantial reduction in the level of tariffs applicable by nations members to the WTO. However, this has also been accompagnied by a rapid prolifer

What are the criticisms against formal planning, Question 1: Planning i...

Question 1: Planning is one of the primary functions of management as all other functions depend on it. Thus, planning has been criticized on several grounds. Describe (i)

Discuss the different forms of communication existing, QUESTION 1 a) Il...

QUESTION 1 a) Illustrate the different processes of effective communication. b) Discuss the different forms of communication existing. QUESTION 2 a) Define the conce

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd