Wage-rate compression refers to the situation where employees perceive that there is too large a difference between their compensation and that of colleagues in higher-rated jobs.

Question

Anastasia Febby · Accepted Answer

Final Answer : False, Explanation :  Wage-rate compression refers to the situation where there is a smaller difference in pay between employees regardless of their skills, experience, or job responsibilities, often leading to higher paid employees feeling their pay is too close to that of lower paid employees.

Wage-rate compression refers to the situation where employees perceive that there is too large a difference between their compensation and that of colleagues in higher-rated jobs.

Definitions

Learning Objectives

Learning Objectives

Related questions