HRM 3490 Chapter : Evaluating the Market
17 Dec 2011
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The price (wage) for a particular type of labour depends on the demand for that labour, relative to the supply for that labour, constrained by the ability of employers to pay. On average, unionized employees receive considerably more compensation than comparable non-union employees. Male employees earn more than female employees on average. Employees in large firms earn more than those in small firms. Employees in alberta and ontario earn more than those in other provinces. Employees in the resources sector earn more than those in the service sector. Compensating differential a higher compensation level offered by an employer because of undesirable aspects of employment at that employer. Cost of living in alberta and ontario is higher than most provinces. Seasonal employment workers in the resource sector have to endure periods of unemployment. An employer needs to know what its competitors are paying their employees.
