Question

"Compensation Tactics and Practices" Please respond to the following:

Some industries appear to pay higher wages than others, even when measurable labor quality or the type of work they do seems similar. Use the Internet or the Strayer Library database to research one (1) company in a high and another in a low paying industry. Next, examine the key differences in the inter-industry wage differentials (e.g., IT vs. Retail industry). You will then need to summarize your findings within your discussion post.

Discuss at least two (2) factors that you believe influence inter-industry wage/salary differentials. Support your rationale.

Answer 1

Some industries appear to pay higher wages  Walmart is one of the biggest brands in the world in terms of retail and grocery store. Walmart super market is very well known for playing very less to their employees and average pay for an employee is $10 per employee. By having a very wide reach and availability of the supermarket across the globe, walmart has been using this strategy to improve their profits as well as reduce the number of expenses on the employees.
Large organisation and better brand image directly helps them in maintaining the wages at a low level and larger availability of the workforce and easy recruitment programs are also very major reason for the low wages in the Walmart.

Factors which are responsible for the low wages at Walmart are as follows

Skilled workers are part of the organisation and this lack of skill directly reflex in the wages. Lower skills means lower wages. Help in reducing the overall Bridge for the employees from the employers site and definitely it is the main reason for the lower wages at Walmart.

Very ast availability of the resources as well as lack of employment for the generation is also a major factor with which Walmart reduces its overall wage structure idiot

Google is a fine example of high wage paying company. There better revenues as well as being one of the most earning companies in the world help them to pay out the best available wages in the industry. Highly skilled professionals are part of this organisation hence the level of wages automatically goes up. Revenue generated from add media as well as other mediums are the source of earning for Google which is very high in terms of total revenue generation and types and pain extreme wages to the Employees. Average median based salary is $123,331 for a Google employee.

Highly skilled professionals and complexity of the work is the main reason behind the high wages at Google.

Better revenue generation and being a top company in the internet industry is also a very major reason of the payments being veyy high provided by the Google.