Task:
In this assignment, look at factors that affect wage demand in any employer-employee relationship, some of which may be at the bargaining table and some of which may be in the personnel office.
Choose any job within a publicly traded company to analyze. Identify the organization, industry, and geographical location of that job. For example, choose a baker working for Krispy Kreme in Florida.
Compare the base wage to that of the market using Salary.com. Look for industry data on the profitability of your organization or an organization like yours. Find the current CPI and any data related to salary increases for that position in the past two years.
Write a summary that analyzes the factors affecting the wages for the job you have chosen based on the fo1llowing
Analyzes internal wage equity issues in the company.
Analyzes external wage equity issues for the position in the industry as a whole.
Analyzes ability to pay issues for positions in the selected industry as a whole.
Analyzes standard of living issues for similar positions in the geographical area selected.
Uses references to support your analyses on wage issues
Please note that I am using Engineering, as the job selected.