Creating a Competitive Salary Structure INTRODUCTION Each employee in an organization is paid a salary. Salaries vary greatly‚ with executives earning as much as (or greater than) 100 times an entry-level employee’s salary. This variation is not by chance. It is rationally established through a salary structure – a hierarchy of salaries. Organizations develop this structure based upon internal factors (such as current rates‚ job relationships‚ and custom) and external factors (such as labor
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1. Clarissa is considering two job offers. One has an annual salary of $61.1K and the other has an annual salary of $63.4K. What is the difference in the weekly pay for these two jobs? 63‚400-61100=2‚300 2. Mr. Leonard took a job through an employment agency. The job pays $88K per year. He must pay a fee to the employment agency of 22% of his first four weeks’ pay. How much money must Mr. Leonard pay the agency‚ to the nearest cent? 88‚000/12=7‚333.3
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Footballers Salary Many people think that footballers are paid too much money for doing too little effort. However‚ this can be argues because they are people who have dedicated their entire life to this sport and therefore they should be rewarded. But in the end there is lots of people need that money to survive and get some food and clean water. The money which is given to players should be reduced because what they do isn’t worth all the money they get. Because the average salary of a professional
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knowledgeable enough to perform well in executive positions. That makes the ones that are‚ a hot commodity. Thus allowing them to demand the high pay that they earn. When the public sees a salary that they consider to be too big‚ they are usually looking at only half of the picture. It is impossible to look at just the salary‚ without taking any other factors into consideration. One must look at the amount of earnings‚ compared to the profits of the company. Most jobs are clear-cut. A person has a designated
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Educating and Inspiring Future Leaders: Why Teachers Deserve Better Pay According to the report‚ “Estimated Average Annual Salary of Teachers in Public Elementary and Secondary School‚” by the U.S. Department of Education in 2011‚ the average starting salary for a teacher in Missouri is a measly $29‚857 (1). The average salary for all teachers across the U.S. is $51‚673 (“Estimated Average Annual” 1). Teachers are the foundation of education for future politicians‚ government officials‚ teachers
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Sport Athletes’ Salaries Are professional athletes overpaid? This topic has been argued for some time now. It is said that pro athletes are paid way too much money for playing a sport. On the other side‚ there are the ones that say that the money is fairly deserved because of their hard work to get to where they are. Should pro athletes ’ salaries drop or stay as is? Do the top athletes deserve their pay? Athletes deserve the money they receive because of their hard work‚ dedication
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Ranger Salary Ranges | | View Additional Graphs | The average yearly salary for Park Ranger is $31‚450. If you are just beginning to work as a Park Ranger‚ you could expect a starting pay of $25‚900. As is true for most careers‚ you can expect your payrate to increase the longer you are employed. You could make an income of around $37‚000 after some time. | | Yearly Park Ranger Pay Statistics Average Yearly Park Ranger Salary | $25‚160 - $37‚740 | Starting Yearly Park Ranger Salary | $20
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paid? Nowadays‚ many people criticise entertainers’ high salaries because they are giving less but gaining more. However‚ in my opinion‚ it is unreasonable to justify one’s income only by the amount of work they do. I strongly believe that stars are never overpaid but people in other area are actually underpaid. The majority of entertainers suffer from different types of pressure that ordinary people cannot bear. Thus a high salary should be paid to compensate for the stress. Firstly‚ for example
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profession and/or with similar qualifications. The main objective of wage and salary administration is to have a scientific‚ rational‚ and balanced wage & salary structure. In salary administration‚ the employer should not feel that the employees are paid more than they deserve and the employees should not feel that they are underpaid. Unless there is a scientific approach /method we cannot solve this conflict.Here wage and salary administration includes allowances‚ leave facilities‚ housing‚ travel‚
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The Public Service of Ghana is a juggernaut which has to pay about 470‚205 employees under a novel and encyclopaedic remuneration system known as the Single Spine Salary Structure (SSSS). The Ghana Universal Salary Structure (GUSS)‚ the predecessor of the SSSS‚ was instituted in 1997 to address anomalies‚ disparities‚ distortions and inequities in the public pay structure. The GUSS was touted as the first holistic public sector pay reform. Before the GUSS‚ there existed public pay review
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