Asked by Ishmail Mgwena on May 25, 2024
Verified
Compensating differences in wages,pay workers for:
A) differences in worker training and skills.
B) differences in the nonmonetary characteristics of jobs.
C) geographic immobility.
D) discrimination in hiring and firing.
Compensating Differences
Wage differentials that compensate workers for undesirable job attributes, like risk of injury or undesirable hours.
Nonmonetary Characteristics
Features or aspects of a job or decision that are not related to salary or financial gain, such as workplace environment or job satisfaction.
- Investigate the principles of compensating wage differentials along with the elements that lead to differences in wages among employees.
Verified Answer
PP
Patrice PoirierMay 31, 2024
Final Answer :
B
Explanation :
Compensating differences in wages are meant to offset the nonmonetary characteristics of jobs, such as risk, unpleasantness, or location, by providing higher pay to make these positions more attractive to workers.
Learning Objectives
- Investigate the principles of compensating wage differentials along with the elements that lead to differences in wages among employees.