Case Study_ The Wall Street Journal Case in the News (1).docx

How would you evaluate this decision according to the

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How would you evaluate this decision according to the four criteria that managers use to evaluate the advantages and disadvantages of different courses of action? The way that I would evaluate this decision according to the four criteria that managers use to evaluate the advantages and disadvantages of different courses of action is the following: Legality- The company needs to make sure the wage increase is valid according to the laws. In order, for them to have the ability to offer this huge benefit to their lowest-paid employees. Ethicalness- By increasing the wage it will improve the living conditions of those employees. On the other hand, this decision will have a negative impact on society
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Aetna Sets Wage Floor: $16 an Hour 5 because it would force other companies to increase their own wage rate. In order, for them to have the ability to compete and attract employees. This will result in a gap between pay ranges holding the same position. Economic feasibility- After analyzing the article the increased pay rate I think would be economically feasible for the company. Mainly because this decision will have an increase in operating cost but will also have a reduction in hiring and the training cost. Practicality- The Aetna is a profitable company with the necessary resources needed to cover the increase pay rate for its employees (Jones, 2016).
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Aetna Sets Wage Floor: $16 an Hour 6 References Jones, G. R., & George, J. M. (2016). Essentials of contemporary management . Dubuque: McGraw-Hill Education. Company-Histories.com. (n.d.). Retrieved November 8, 2018, from - histories.com/Aetna-Inc-Company-History.html About Us. (n.d.). Retrieved November 8, 2018, from Wage decision sparks new conversations about income inequality. (2018, October 10). Retrieved November 8, 2018, from - conversations-income-inequality/
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  • Fall '13
  • Aetna

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