Which of the following is an external factor that can influence the rates at which employees are paid?
A)The worth of the job
B)The employees' relative worth
C)The employer's ability to pay
D)Cost of living

Question

Quizplus · Accepted Answer

Cost of living is an external factor that can influence the rates at which employees are paid. Cost of living refers to the average cost of basic necessities such as housing, food, healthcare, transport, and clothing, in a particular location or region. Employers may adjust employee compensation packages to reflect the cost of living in a particular area. This is because the cost of living can vary significantly from one location to another, which can impact the amount of money employees need to maintain a reasonable standard of living.

Which of the Following Is an External Factor That Can