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chapter 6

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Department
Commerce
Course
COMMERCE 4BE3
Professor
Ying Hong
Semester
Winter

Description
Chapter 6 Formulating the RewardComp StrategyConstraints on Comp Strategy 1 Legislated Constraints The fed Govt is empowered to pass lbr legislation for all fed Emplworkers in transp communications defensecovers 10 of privatesector emplEmply Stnd Actdefines a min stnd for wages hrs of work holidayHuman Rights Actprohibit employment discrimination based on gender race or ageTrade Union Legislationaffects comp in unionized firms coll barg i Any changes to hours of work working condare mandatory subjects of negotiation union Tax legislation Incomecorp tax lawsinfluence type of comp offered 2 Labour Market ConstraintsConstraints on comp strategy flowing from the relative levels of demandsupply for particular occupational groups3 ProductService Market ConstraintsConstraints on comp strategy caused by the nature of the product or service market in which the firm operatesConcerned w demandsupply low demand high supplym
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