Salary Negoiations For Women Presentation
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Salary Negoiations For Women Presentation
- 1. Negotiations for Women Presentation 21 IRREFUTABLE PRINCIPLES OF NEGOTIATION By Carla Fair-Wright, PMP, CSQE, MCP Optimal Consulting LLC
- 10. Factors that Influence Salary Levels WAGE MIX Conditions of Labor Market Area Wage Rates Cost of Living Collective Bargaining Legal Requirements Compensation Policy of Organization Worth of Job Employee’s Relative Worth Employer’s Ability to Pay
- 15. Factors that Influence Salary Levels WAGE MIX Conditions of Labor Market Area Wage Rates Cost of Living Collective Bargaining Legal Requirements Compensation Policy of Organization Worth of Job Employee’s Relative Worth Employer’s Ability to Pay
- 19. 21 Irrefutable Principles Of Negotiation
Notas do Editor
- Determining the wage offered an employee is a function of both internal and external factors (referred to as the “wage mix”). Internal factors include: Employer’s Compensation Policy . Each employer views compensation as one of the variables under their control and so uses pay as a tool for accomplishing organization goals. In general, companies may lead, match, or trail pay standards relative to the competition and/or combine base pay with incentives to reward specific goal-based accomplishment. Worth of a Job . Where a formal compensation system is lacking, pay is set on the subjective opinion of the responsible party’s evaluation of the worth of a job. Employee’s Relative Worth . The differential contributions and accomplishments of different employees (both hourly and salaried), may be reflected in different levels of pay, often within a given range for an employment level. Employer’s Ability to Pay . All organizations have finite budgets and compensation is limited to what is available. External factors include: Conditions of the Labor Market . The labor market reflects the forces of supply and demand for qualified labor within an area. Area Wage Rates . The company should be aware of the prevailing wage rates being paid in the area of operation. Cost of Living . Inflation increases the cost of living and compensation rates have to be adjusted upward periodically. A common benchmark is the consumer price index (CPI), compiled by the federal government. Collective Bargaining . Collective bargaining pools the power of the labor force in an effort to negotiate an increase in real wages (pay increases above the CPI). Legal Requirements . Legislative actions, such as minimum wage laws, typically set a floor for compensation, at least for hourly employees.
- Buying a home.
- Buying a home.
- Determining the wage offered an employee is a function of both internal and external factors (referred to as the “wage mix”). Internal factors include: Employer’s Compensation Policy . Each employer views compensation as one of the variables under their control and so uses pay as a tool for accomplishing organization goals. In general, companies may lead, match, or trail pay standards relative to the competition and/or combine base pay with incentives to reward specific goal-based accomplishment. Worth of a Job . Where a formal compensation system is lacking, pay is set on the subjective opinion of the responsible party’s evaluation of the worth of a job. Employee’s Relative Worth . The differential contributions and accomplishments of different employees (both hourly and salaried), may be reflected in different levels of pay, often within a given range for an employment level. Employer’s Ability to Pay . All organizations have finite budgets and compensation is limited to what is available. External factors include: Conditions of the Labor Market . The labor market reflects the forces of supply and demand for qualified labor within an area. Area Wage Rates . The company should be aware of the prevailing wage rates being paid in the area of operation. Cost of Living . Inflation increases the cost of living and compensation rates have to be adjusted upward periodically. A common benchmark is the consumer price index (CPI), compiled by the federal government. Collective Bargaining . Collective bargaining pools the power of the labor force in an effort to negotiate an increase in real wages (pay increases above the CPI). Legal Requirements . Legislative actions, such as minimum wage laws, typically set a floor for compensation, at least for hourly employees.
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