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Show in an economic graph: 4) Suppose that you work in human resources for a firm...

Show in an economic graph:

4) Suppose that you work in human resources for a firm that is looking to recruit a new human resources specialist, and you are tasked with providing a suggestion on a competitive wage offer. You know that the median salary for a human resources specialist is $61,920, and it occurs to you that while your firm offers a generous family leave policy it is also located in the old barge warehouse district of a fading industrial town. How might those factors influence your decision and why?

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Answer #1

If I work as a HR in a firm and they suggest me to work in a competitive wage, then the following some points influence my suggestion as a HR representative:-

1). Family leave policy (as mentioned above)

2). Median salary (as mentioned above)

3). Lower cost living in the old town (as mentioned).

After including all these points, it is not sure that the wage is more than the median.

So, this offer may be either less than the current median salary or may be equal to median salary.

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