MHR 749 Study Guide - Midterm Guide: Life Insurance, 3 Women, Human Capital

• School: Ryerson University
• Department: Human Resources
• Course: MHR 749
• Professor: Margaret Yap

Document Summary

All fo(cid:396)(cid:373)s of fi(cid:374)a(cid:374)(cid:272)ial (cid:396)etu(cid:396)(cid:374)s a(cid:374)d ta(cid:374)gi(cid:271)le se(cid:396)(cid:448)i(cid:272)es a(cid:374)d (cid:271)e(cid:374)efits that ee"s (cid:396)e(cid:272)ei(cid:448)e as pa(cid:396)t of the employment relationship. Some people view pay as a measure of justice (cid:894)i. e. a (cid:272)o(cid:373)pa(cid:396)iso(cid:374) a(cid:373)o(cid:374)g (cid:373)e(cid:374)"s a(cid:374)d (cid:449)o(cid:373)e(cid:374)"s ea(cid:396)(cid:374)i(cid:374)gs highlight i(cid:374)e(cid:395)ualities in pay decisions) Despite pay equity legislation, the gap persists. Economists have identified a number of contributing factors to wage determination, including, human capital (i. e. work experience, education), demographic characteristics (i. e. marital status), and job characteristics (i. e. (i. e. marital status), and job characteristics (i. e. industry, type of work) Canada is better than japan and korea, but worse than france, norway and australia. Sometimes consumers see compensation as the cause of price increases. They do not believe that higher labour costs (ex: min. wage) are to their benefit, yet they have to understand the poor working conditions of lesser developed countries: stockholders. Those who provide equity for the operation of the business, compensation matters.