MGT 3344 Study Guide - Final Guide: Lump Sum, Job Performance, Formula 4
Document Summary
Willingness to meet at reasonable times and places: 2. 332: unions often conduct independent wage surveys as part of their preparation for collective bargaining, us dept of labor periodically conducts area wage surveys and publishes the results, national compensation survey. Contracts covering two or more plants raises concern that the cost of living may vary by geographical location (over or underestimating true col) Consumer price index- measures changes in the price of goods and services purchased by a typical american household on a monthly basis (over 207 categories of goods and services) Most labor contracts include the adjustment of wages during the term of the contract. Economic uncertainty causes pressure to negotiate short term labor agreements. Methods to adjust employee base wage rates: cola, cost of living adjustment- imposes a contractual obligation on employers to change rates of pay in accordance with collectively bargained formula.
