Asked by

Miriam Solis
on Nov 18, 2024

verifed

Verified

Unions are able to use their power to obtain wage rates that are disproportional to the relative worth of the job.

Wage Rates

The compensation paid to employees for their labor, typically expressed as an hourly rate, but can also refer to annual salaries or piece rates.

Relative Worth

The value or importance of something in comparison to another.

Unions

Organizations that represent the interests of workers in specific industries or trades, often engaged in collective bargaining and rights advocacy.

  • Understand the goals of effective compensation management, which include managing costs, reinforcing behavior, and adhering to legal standards.
verifed

Verified Answer

IG
Iliana GuerraNov 20, 2024
Final Answer:
Get Full Answer