If employees finds that their salary is lower than the salary shown on an Internet pay...
If employees finds that their salary is lower than the salary shown on an Internet pay survey, do you think they should ask their managers why their pay is different? Explain. (10 points)
Homework Answers
Internet pay surveys might be from various industries and the data collected might be from different people with different experiences and designations. A position in one company might have different work requirements from the same position in another company . So the employees need to understand that what their company demands from their designation might be different or the company's policies might be different from others and hence there is variations in salaries. If the company is paying below the minimum salary range as per law then the employees can ask their managers for the reason but they should not ask the managers based on some internet survey because the survey and it's situations might be completely different that what they are in .
Add Answer to:
If employees finds that their salary is lower than the salary
shown on an Internet pay...
A company finds that when they pay employees more, the employees are more productive. How would...
A company finds that when they pay employees more, the employees are more productive. How would you classify these events, based on this finding? Independent Dependent A company sells 14 types of crackers that they label varieties 1 through 14, based on spice level. What is the probability that the purchase results in a selection of a cracker with number less than 4, or a number greater than 9? 50.0% 57.1% 71.4% 64.3% Randomly select a customer that is happy...
Salary information regarding male and female employees of a large company is shown below. Male Female...
Salary information regarding male and female employees of a large company is shown below. Male Female Sample Size 68 32 Sample Mean Salary (in $1,000s) 59 52 Population Variance (σ2) 272 160 In a test of whether or not the population average salary of males is significantly greater than that of females at α = 0.05, the p-value is 0.0098. a) The conclusion is that the population salaries of males and females are equal. b) there is no evidence that...
Employees in a bank have their name, id, age, telephone and total salary. You are required...
Employees in a bank have their name, id, age, telephone and total salary. You are required to write a Python class to represent the employees. Write the constructor, and other required methods to complete your code. The bank has decided to pay a 10% salary increase to employees above the age of 45. Your class should have an extra method to increase salary depending on the age of the employee. Test the class by creating two objects of the class,...
1. Read the following job descriptions and decide on a percentage pay increase for each of the eight employees. 2. Make salary increase recommendations for each of the eight managers that you supervis...
1. Read the following job descriptions and decide on a percentage pay increase for each of the eight employees. 2. Make salary increase recommendations for each of the eight managers that you supervise. There are no formal company restrictions on the size of raises you give, but the total for everyone should not exceed the $10,900 (a 4% increase in the salary pool) that has based budgeted for this purpose. You have a variety of information on which to base...
You look at the hourly salary (in USD/hour) of employees at 2 different companies in Antwerp....
You look at the hourly salary (in USD/hour) of employees at 2 different companies in Antwerp. You find at company 1 that the mean hourly pay is $20.50 per hour with a standard deviation of $8.90. You find at company 2 the mean hourly pay is $24.50 with a standard deviation of $2.50. Where would you apply to work? Why?
As a number of variable pay systems (e.g., pay-for-performance or pay-for-knowledge). You have been asked by the CEO of a large Edmonton-based engineering company to explore the use of variable pay fo...
As a number of variable pay systems (e.g., pay-for-performance or pay-for-knowledge). You have been asked by the CEO of a large Edmonton-based engineering company to explore the use of variable pay for its professional employees (i.e., engineers, technologists, accountants, field managers, project managers). The company has about 3000 employees, mostly in the professional category. The organization already has a reputation for competitive pay practices, but it would like to ensure that it remains an "employer of choice" for its long...
a) b) Salary information regarding two independent random samples of male and female employees of a...
a)
b)
Salary information regarding two independent random samples of male and female employees of a large company is shown below. Male Female 64 36 Sample size Sample mean salary (in $1000s) Population variance 44 41 128 72 If you are interested in testing whether the average salary of males is significantly greater than that of females, what is the null hypothesis? O Ho: male < female Ho male > female Ho: male > female None of the answers is...
1. Do you think the fact that most American CEOs are paid so much more than...
1. Do you think the fact that most American CEOs are paid so much more than rank-and-file employees suggest CEOs are overpaid? Explain. 2. Japanese CEOs generally receive much lower levels of compensation than CEOs in the United States. Does this imply that U.S. CEOs are overpaid? 3. Is it obvious that $10 per thousand is too low of an incentive to pay for CEOs? Explain. 4. Does the observation that the stock price increases when the firms increase incentive...
Application Case Salary Inequities at AstraZeneca More than 50 years after passage of the Equal Pay...
Application Case Salary Inequities at AstraZeneca More than 50 years after passage of the Equal Pay Act, women in America still earn about 80 cents for every dollar earned by a man. That adds up to a loss for the average female worker of about $380,000 over a lifetime. Recently, the U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) entered into an agreement with AstraZeneca, a large international pharmaceuticals firm, for the company to pay some of...
Suppose you are representing the employees at a large corporation during contract negotiations. You have a...
Suppose you are representing the employees at a large corporation during contract negotiations. You have a list of the salaries of all the employees at the corporation. The company has many lower level employees and only a few high paid management employees. There is a complicated system of raises that makes it so that there are many different salaries for the lower level employees. a. Which measure of center would you use to represent the employees? You are trying to...
a)
b)
Salary information regarding two independent random samples of male and female employees of a large company is shown below. Male Female 64 36 Sample size Sample mean salary (in $1000s) Population variance 44 41 128 72 If you are interested in testing whether the average salary of males is significantly greater than that of females, what is the null hypothesis? O Ho: male < female Ho male > female Ho: male > female None of the answers is...
Most questions answered within 3 hours.
-
What is the distance run by a runner 50m/hr and
60m/hr?
asked 54 minutes ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 24 minutes ago -
Write a descendant selector rule that affects the <em>
element that is contained within the
<p>...
asked 1 hour ago -
The management of an electrical manufacturing plant determined
that the mean life of their 10 watt...
asked 1 hour ago -
On January 1, Year 1, Prairie Enterprises purchased a parcel of
land for $13,100 cash. At...
asked 1 hour ago -
Question 4: (3 marks)
On a recent PE-sponsored adventure education program, students
went hiking at Devil's...
asked 1 hour ago -
Programming in C#
Create a Money class that has as data members dollars and cents.
Include...
asked 1 hour ago -
A research associate working for Intragene Therapeutics prepares
an investigative PCR reaction to screen human tissue...
asked 1 hour ago -
Calculate the mass of sodium benzoate, NaC6H5COO, that must be
added to 500.0mL of 0.100 M...
asked 1 hour ago -
Four transactions are presently running: (The abbreviation R(A)
means Read(A), and so on)
• T1: R(A),R(B),R(J),W(A),W(B),R(D),R(E),R(G)...
asked 2 hours ago -
A study regarding the relationship between age and the amount of
pressure sales personnel feel in...
asked 2 hours ago -
A 2014 Pew study found that the average US Facebook user has 338
friends. The study...
asked 2 hours ago