Compose a 1000 words essay on Wage systems. Needs to be plagiarism free!
Download file to see previous pages…
Many factors can be identified as wage determinants. They can be selected in the following groups: economic, social, phycological and institutional. In this essay I will stick to the economic determinants:
Measuring two-tier system and concession system using the first etalon, a company’s ability to pay, I must say that these two systems have different assignation. The concession bargaining system was widely used in 1980s and trade unions often agreed with wage cuts because companies were not able to pay full wage and at the same time wanted to keep their employees, as it is written in the review of the Organisation for Economic Co-operation and Development (OECD) (1997): “The concession bargaining which has occured in several years is an illustration of the recognition by both firms and unions of the link between costs, and thus prices, and output and employment” (http://www.oecd.org/dataoecd/19/60/2080431.pdf) . The concession system lost its popularity and influence in 90s when unions understood that company’s were again able to pay then they did. The two-tier wage system appeared to reconcile management and employees in a struggle for higher salary, it sacrificed new employees in order to make happy experienced employees. That was done to keep anticipated productivity. “The two-tier structure permits hiring of new workers at significantly lower wages and benefits, compared to those of the regular work force. It will be worth countless millions of dollars to employers in coming years.” (http://www.laboreducator.org/twotierpay.pdf) Thus companies’ management benefited as wage increase was offset by rising level of productivity and at the same time newcomers didn’t receive equal payments. So the concession system and the two-tier system are assigned for different situations. The concession system can help to rise general company’s ability to pay”, while the two-tier system is primarily designed to meet expectations of experienced employees.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Writing Errands is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order formOnce we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignmentAs soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download