GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a factor for wage determination?
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Productivity
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Cost of living
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Prevailing wages
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Purchasing power of people
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Explanation:
Detailed explanation-1: -Wage Policy – Factors Influencing Sound Wage Policy: Demand and Supply, Prevailing Wage Rates, Ability to Pay, Productivity, Cost of Living, State Regulation & a Few Others.
Detailed explanation-2: -The purchasing power of wages is the quantity of goods and services that can be bought with a wage unit. Its evolution is linked to that of prices and salaries.
There is 1 question to complete.