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188宝金博页面版: S15 Pay levels-Armstrong's Handbook of Reward Management Practice
内容提示: 15. PAY LEVELSKey learning pointsDeterminants of pay? Classical economic theory – Classical wages theory states that the externallabour market has buyers (employers) and sellers (employees). If the supply oflabour exceeds the demand, pay levels go down; if there is a scarcity of labourand demand exceeds the supply, pay goes up.? The labour theory of value – The value of goods and services is determined bythe amount of labour that goes into them (Karl Marx).? Human capital theory – Levels of pay are influen...
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