Wage Differential Quiz

Wage Differential = Differences in wage rates due to various factors such as location, hours of work, and working conditions Compensating Wage Differentials = Difference in wages offered to offset the desirability or undesirability of a job North Sea Oil industry workers' wages = Higher return to adjust for the inherent dangers of their work Coal miners' wages = Paid high wages due to the dangerous nature of their work and potential health effects

Positive compensating wage differential = Increased wages to offer incentive for employees to take undesirable jobs Negative compensating wage differential = Lower wages offered for especially desirable jobs Wage differentials comparison = Comparison of wages between workers with different or similar skills in various industries or regions Factors affecting wage differentials = Location of company, hours of work, working conditions, and type of product manufactured

Workers in isolated areas = Employers offering higher wages due to the firm's location North Sea Oil industry workers = Expecting higher return to adjust for the inherent dangers of their work Coal miners = Getting paid high wages because of the dangerous nature of their work and potential health effects Especially desirable jobs = Offering lower wages as a negative compensating wage differential

<p>Gender wage comparison = Comparing wages between genders for equality assessment Union and non-union job wage comparison = Comparing wages between union and non-union jobs for fairness evaluation College degree vs. non-college degree wage comparison = Comparing wages between employees with and without college degrees to assess educational impact on earnings Industry-specific skill wage comparison = Comparing wages between workers with different skills working in the same industry for skill-based compensation assessment</p> Signup and view all the answers

<p>Unpleasantness or risk in a job = Positive compensating wage differential in the form of increased wages Isolated work location = Employers offering higher wages due to the isolated nature of the job site Desirable job characteristics = Negative compensating wage differential resulting in lower wages offered Inherent dangers of a job = Expectation of higher return as a positive compensating wage differential</p> Signup and view all the answers

<p>Unitarist/Traditional Approach = Views an organization as a family with trust and common goals Pluralist/Behavioral = Views an organization as characterized by many behaviors and interests Marxist/Radical Perspective = Approach is confrontational and emphasizes conflict</p> Signup and view all the answers

<p>Negotiate wages and working conditions on behalf of employees = Representing employees in discussions with employers about pay and workplace rules Raise new demands on behalf of its members = Advocating for new rights or benefits for union members Settle grievances between employees and employers = Resolving disputes or complaints between workers and management Introduce the rule of law in the workplace = Ensuring fair treatment and upholding employee rights in the workplace</p> Signup and view all the answers

<p>A trade union is an organisation of workers that attempt to improve working conditions, real income, and job security = Purpose of improving the work environment and benefits for its members A trade union is formed by employees to represent their interest at industrial level = Created to collectively represent workers' interests in the industry</p> Signup and view all the answers

<p>Views an organization as a family with trust, oneness, and commonality of goals. = Unitarist/Traditional Approach Views an organization as characterized by many behaviors/interests. = Pluralist/Behavioral Approach is confrontational and emphasizes conflict. = Marxist/Radical Perspective</p> Signup and view all the answers

<p>Representing employees in discussions with employers about pay and workplace rules. = Negotiate wages and working conditions on behalf of employees Advocating for new rights or benefits for union members. = Raise new demands on behalf of its members Ensuring fair treatment and upholding employee rights in the workplace. = Introduce the rule of law in the workplace Resolving disputes or complaints between workers and management. = Settle grievances between employees and employers</p> Signup and view all the answers

<p>Negotiate wages and working conditions on behalf of the employees = Role of Trade Unions Raise new demands on behalf of its members = Role of Trade Unions Settle the grievances between employees and employers = Role of Trade Unions Introduce the rule of law in the workplace: employees are fairly treated, rights of employees are upheld = Role of Trade Unions</p> Signup and view all the answers

<p>Unitarist/Traditional Approach = Views an organisation as a family where there is trust, oneness and commonality of goals Pluralist/Behavioral Approach = Views an organisation as characterized by many behaviors/interests Marxist/Radical Perspective = Confrontational approach towards trade unions</p> Signup and view all the answers

<p>Unitarist/Traditional Approach = Views an organisation as a family where there is trust, oneness and commonality of goals Pluralist/Behavioral Approach = Views an organisation as characterized by many behaviors/interests Marxist/Radical Perspective = Confrontational approach towards trade unions</p> Signup and view all the answers

<p>This views an organisation as a family where there is trust, oneness and commonality of goals. = Unitarist/Traditional Approach This views an organisation as characterized by many behaviors/interests. = Pluralist/Behavioral Approach This approach is confrontational. = Marxist/Radical Perspective</p> Signup and view all the answers

<p>A trade union is a body institution that is formed by employees to represent their interest at industrial level. = Definition of a Trade Union It is an organisation of workers that attempt to improve the working conditions, real income, and job security of its workers by using the collective bargaining power of the workforce in the labour market. = Definition of a Trade Union</p> Signup and view all the answers