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Economics

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What are the bases of pay differentials when employers decide to pay individuals doing the same jobs with different rates of pay?

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✏️ Question

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What are the bases of pay differentials when employers decide to pay individuals doing the same jobs with different rates of pay?

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✏️ Answer

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Popular criteria. The four criteria most commonly cited as influencing pay differentials, were “reponsibility”, “knowledge, skills and abilities”, “performance” and “difficult or stressful work”.

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