Which of the following is an external factor that affects the wage mix?
A) Worth of job.
B) Legal requirements.
C) Employee's relative worth.
D) Compensation policy of organization.
E) Employer's ability to pay.

Question

Quizplus · Accepted Answer

The wage mix is influenced by a variety of factors including internal factors (the organization's compensation policy, the worth of each job, the employee's relative worth, and the employer's ability to pay) and external factors (conditions of the labor market, area wage rates, the cost of living, the use of collective bargaining, and legal requirements).

Which of the Following Is an External Factor That Affects