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TB (7) Economic issues - Coggle Diagram
TB (7) Economic issues
Industrial wage differentials
Value added by employees
Labour costs as percentage of total costs
Competition in the product market
Job evaluations and wage spread
Surveys to compare firm's wage structure
Production standards, wage incentives
Gainsharing
Scanlon plan
Profit sharing
Ruckerplan
Improshare
Skills based pay
Arguments for wage determination
Wage comparability
Ability to pay
Productivity
Problems with productivity sharing
Effect of unions on productivity and efficiency
Cost of living
Wage adjustments during term of labor agreement
Employee benefits
pay for time not worked
CPF
premium pay
income maintenance
health care cost containment
Insurance
family, child care
other benefits
Union effect on wages and benefits