Briefly describe the concept of comparable worth in compensation.
What will be an ideal response?
Comparable worth is similar pay for similar work, which is different from equal pay for equal work. The concept of comparable worth holds that if we can compare your job with that of another person and they are similar, though not equal, we should pay you a similar—but not equal—wage, which makes this concept much broader than equal pay. The biggest problem with comparable worth from a legal standpoint is how to legislate the value of a job while taking supply and demand into account.
You might also like to view...
In addition to finding statistical correlations, proper application of Data Mining techniques should include which of the following?
A. Professional judgment. B. Good use of the REA framework. C. Use of the most current XBRL taxonomy. D. Digital dashboards.
On an automatic call distributor (ACD), a(n) _______ state means the analyst is logged on to the ACD but is not accepting calls.
Fill in the blank(s) with the appropriate word(s).
Until a transfer is recorded on its books, a corporation is entitled to treat the person whose name is on its books as the owner of its stock
Indicate whether the statement is true or false
According to the strong view of the efficient markets hypothesis, security prices reflect ________ and so financial markets are efficient
A) market fundamentals B) rational expectations C) momentum effects D) current market trends