Methodologies Materials Products Worker actions Worker characteristics Job

Methodologies materials products worker actions

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● 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
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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
  • Davison
  • Management, pay differentials, interindustry wage differentials, legal pay differentials

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