Structure their total compensation package also play

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structure their total compensation package also play an important role in employees’ decision to remain with the organisation. (7) 5 Can the salary increases negotiated by the Union be ignored? Critically evaluate this agreement. Would you have agreed to such an agreement if you were involved in the negotiation process? Motivate your answer. Salary increases negotiated between employers and unions can not be ignored, as it forms part of a binding agreement. A negotiator should always be knowledgeable about the organisation’s goals, compensation objectives and financial situation and should be guided by these during the negotiation process. A good negotiator will therefore not consciously negotiate a settlement that will leave the organisation in a financial crisis. This agreement was obviously negotiated without taking all the necessary information into consideration and illustrates the situation that can arise when an organisation has no compensation strategy, or it is not aligned with the organisation’s goals and other HR strategies. (3) ASSIGNMENT 03 For the completion of this assignment you had to study chapter 17 in your prescribed text book as well as study units 3, 5 and 12 in the study guide. This assignment refers to chapters 3, 5 and 17 of the prescribed book as well as study units 3, 5 and 12 of the study guide. (1) Factors responsible for the earnings gap between men and women The following are the most important reasons for the differences in earning between men and women. Differences in job levels Because women entered the labour market only recently, most senior positions are occupied by men and therefore women are employed in lower-level jobs, which pay lower salaries. Differences in personal work-related characteristics # Experience and seniority Because women entered the labour market only recently, as stated above, they do not have the same extent of experience and seniority as their male counterparts, and therefore they earn lower salaries.
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MNH306-K/101 12 # Qualifications The qualifications of women have historically been lower than those of men, and therefore women earn lower salaries. This trend is changing, however, and lately an equal number of men and women are obtaining tertiary qualifications. # Age Because men dominated the labour market in the past and women joined the labour market only recently, the labour market consists mainly of older men and younger women. This led to men earning higher salaries than women. Differences among industries and firms Industries and firms employing higher percentages of men tend to pay a higher average wage, and therefore the salaries of women employed by organisations, with predominantly female employees are noticeably lower than those of men. Differences in compensation among different industries and firms for the same work done can also be attributed to the compensation policy and size of the organisation.
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