MHR 749 Lecture Notes - Lecture 1: Whole Foods Market, Medtronic, Life Insurance
Document Summary
Compensation: refers to all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship. Some people view pay as a measure of justice (i. e pay equity between men & women) Consumers sometimes see compensation as the cause of price increases. Demographic characteristics (martial status, having children living at home) Job characteristics (industry, size of establishment, type of work) Few observations that may have contributed to gender wage gap: that women are more likely to study health and education, whereas men are more likely to study engineering and other technology fields. Women are more willing than men to adjust their work location and hours in order to take care of young children and elderly parents, and to do unpaid housework. Some stockholders believe that using stock (shares of a company) to pay employees creates a sense of ownership that will improve performance, which will in turn, increase stockholder wealth.
