Factors that Influence Pay Level Decisions

 

04

 

There are many factors that impact pay structure decisions. Labor costs, competition, cost-of-living increases, unions, and the local labor market all must be considered. This course gives users a firm grasp on what must be taken into account when setting salary structures.

 

  • Understand the impact of labor costs on ability to pay
     
  • Integrate cost-of-living increases into the wage decision
     
  • Describe the common use of comparables in setting salaries
     
  • Explain the role of unions in the local labor market

 

  • Management

 

 
  • Some college level courses with moderate algebraic training

 

 
  • None

 

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Price: Free

ERI DLC courses are free. Those who wish to receive continuing education credit will be charged a $19 fee (per certificate) prior to taking the Final Exam.