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After reviewing the HR job family, why are the higher paying jobs considered more monetarily valuable...

  • After reviewing the HR job family, why are the higher paying jobs considered more monetarily valuable than the lower paid jobs? Provide at least three reasons for the differences in pay.
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Answer #1

The higher paying jobs means more reputations, duty and responsibility. The higher paying jobs requires more efficiency and skills as compared to lower paid jobs. The management always looking for efficient and more vibrant workers for higher post and providing higher salaries along with several incentives. It is also a strategy adopted by the management to motivate and retain the workers in the company for long periods.The competitive nature of firms compelled the managemt to pay high wages to rare skilled workers, as rival firm is also have bargain with the workers.Thus monetary benefits are the key drivers of high skilled and high paid jobs. The workers can get job easily from one firm to another with higher pay scale. Thus high paid jobs are more monetarily based as compared to low paid jobs.

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