What makes paralegal compensation a difficult thing to pin down?

What will be an ideal response?


Because most paralegal compensation numbers come from surveys, an accurate survey requires a sufficient sample in order for the result to have any meaning. But, most paralegal compensation surveys have a remarkably low number of respondents. Also, the statistics fail to take into account the broad range of experiences of the respondents, which can falsely skew the results. Furthermore, the paralegal/legal assistant field is quite diverse, with jobs in large law firms in large cities, to jobs in small law firms in small cities, to government work, to corporate work. A survey might unwittingly give the impression that the lesser-educated paralegals/legal assistants get paid more than those who have college degrees because the lesser-educated respondents may have been working for many years (and before a legal education was a prerequisite to employment). Hence, the higher average wages.

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Lasiter Corp reported net credit sales of $2,000,000 and cost of goods sold of $1,400,000 for 2014 . On January 1, 2014, accounts receivable was $250,000 . Amounts owed by customers increased by $20,000 during 2014 . Rounding to two decimal places, what is Lasiter's accounts receivable turnover rate for 2014?

a. 8.33 b. 8.00 c. 7.69 d. 7.41

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Which of the following statements is TRUE of performance reporting?

A) Responsibility reports should focus on the person responsible for unfavorable variances, rather than information. B) Managers should not be held accountable for uncontrollable variances. C) Only unfavorable variances in the reports should be explained. D) Every variance, regardless of magnitude, must be investigated by the managers.

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Which of the following rewards consumers for repeat purchases of a product or brand?

A) trial offers B) loyalty programs C) rebates D) exhibits E) advertising allowances

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Using fixtures, lighting, and color to highlight products in a retail setting are examples of?

a. Visible marketing b. Visual merchandising c. Volatile marketing d. Visual marketing

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