● Methodologies ● Materials ● Products ● Worker actions ● Worker characteristics Job content based on knowledge, skills, and abilities (KSAs) ➢ Labor supply relative to employer demand for labor ➢ Between occupational differences: Differences in the complexity of KSAs ➢ (ex) •The building and grounds cleaning and maintenance occupations (ex)•Computer and mathematical occupations Within occupational differences: Differences in KSAs within an occupational group ➢ (ex) •Pharmacy technician • Pharmacist ● Supply and Demand labor supply < employer demand = companies compete for limited talent ➢ Wages are typically greater when labor supply < demand ➢ 3) Geographic: depending on the geographic location, we are going to pay differently (b/c things like cost of living) Geographic Pay Differentials
➢ Relative pay differentials are often expressed as the percentage difference between a specific location and the national average (ex) The relative pay differential for Los Angeles is 20% higher than the national average ➢ Pay rate differentials are expressed in $ as annual or hourly pay differences for occupations based on particular geographic regions and the nation overall ➢ Cost-of-living differences between geographic locations influence pay 4) Unionization: whether or not you have a union will lead to whether or not you pay Differently Labor Union Influence on Pay
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- Fall '12
- Management, pay differentials, interindustry wage differentials, legal pay differentials