Future wage rate, Business Management

Assignment Help:

A human resources department must know if the wage rate is stable, will increase or decrease. If equilibrium exists, wages are stable, if excess demand exists; wages will increase and if excess supply exists wages will decline. After this assignment the student will be able to determine if equilibrium exists and the future for wage rates for a given position.

Analyze the labour situation within your industry for a particular occupation (if you work in a unionized environment, select an occupation that is not unionized) and discuss whether an equilibrium situation exists. If equilibrium does exist, please illustrate why, and if the market is not in equilibrium, please explain why. State the current market wage and the expected future wage rate. Justify your future wage rate. If the market is not in equilibrium, explain what the firm or government can do to generate equilibrium.


Related Discussions:- Future wage rate

Benefits of oral business communication, What is oral business communicatio...

What is oral business communication? Explain its benefits to the organisation and to the individual employee.

Categories of ratios for financial position and performance, What are categ...

What are categories of ratios for financial position and performance? Usually, there are four main categories of ratios every attempting to measure the financial position and p

Explain ethical decision you had to make, Ethics, trust and integrity are o...

Ethics, trust and integrity are often challenged in an investment banking job. Look at the sub prime crisis, the near collapse of the mortgage giant, Fannie Mae, and the restatemen

Describe michael porter''s five forces, (a) Outline the method of carrying ...

(a) Outline the method of carrying out a quantitative survey which is used in the market research. (b) Describe Michael Porter's five forces that is used to analyse the micro en

#primary sources of collecting data, Ask question #compare and contrast int...

Ask question #compare and contrast interview and questionnaires as primary sources of collecting data#

Organising behaviour, what could you do to make Rajinder?s transition easie...

what could you do to make Rajinder?s transition easier?

Spreadsheet to provide a business solution, Gareth's Gardens is a small fir...

Gareth's Gardens is a small firm that specialises in planning and laying new gardens. A particularly popular garden plan consists of a patio and lawn, together with a circular pon

Describe the four stages of the creative process, 1). Explain the meaning o...

1). Explain the meaning of Goal Setting and how it can increase the employee performance? 2).  The head of operations at Nano Tech Systems announced that the company "empowers i

Discuss any two ongoing management costs, a. Discuss any two ongoing manage...

a. Discuss any two ongoing management costs considered in financial analysis in BPO b. Explain any two pricing models to structure price of an outsourcing contract.

Define the desire to succeed of an entrepreneur, Define the desire to succe...

Define the desire to succeed of an entrepreneur. Desire to succeed: An entrepreneur has a strong wish to succeed into life. Their dreams are not only restricted to achie

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd