In: Finance
What are the major factors influencing pay? What
sort of advice would you give to someone whose goal is to earn a
great deal of money?
Major factors which are influencing pay are as follows-
A. The cost of training will be impacting overall payment scale of an individual
B. Government regulations are also influencing payment scale
C. The ability to pay and demand and supply of labour are other factors which will be impacting the payment scale.
D. Cost of living and prevailing market rate are another factor which will influence the overall payment scale of an individual
E. inflation rates in the economy as well as interest rates in the economy are also affect the ability to pay for an organisation.
Someone who wants to earn a great deal of money should start investing into various securities which are multiplying over large period of time so they will be trying to explore such opportunities into investing into businesses and they should be time to maximize the rate of return because investment into business are always having a opportunity of maximization of wealth in the long run and hence I will advise the individual to save more and expand lower and invest the savings in order to maximize the corpus fund in the long run.