Compensation Tactics and Practices”

 

Some industries appear to pay higher wages than others, even when measurable labor quality or the type of work they do seems similar. Use the Internet or the Strayer Library database to research one (1) company in a high and another in a low paying industry. Next, examine the key differences in the inter-industry wage differentials (e.g., IT vs. Retail industry). You will then need to summarize your findings within your discussion post.
Discuss at least two (2) factors that you believe influence inter-industry wage/salary differentials. 

Respond to classmate:
 
I am going to use the hospitality industry in Las Vegas to do some comparisons, specifically hotel front desk representatives.
The type of work that is required is the same across the board. You must greet guests, check them in and out of the hotel and make their first point of contact amazing. You set the tone for their stay at the hotel. This is the same at any hotel.
The first group of front desk clerks work on the famous Las Vegas Strip, specifically MGM Properties, who own quite a few hotels on the strip as well as across the country. The second group of front desk clerks work in hotel/casinos that are off of the strip in Las Vegas. 
Although the duties for each are the same, the wage differential is big. A front desk clerk off of the strip has an average annual salary between $27,000 – $33,000 per year where as a front desk clerk on the LV strip makes an average annual salary between $38,000 – $43,000 per year.
Two factors of why I believe their is such a wage difference is location and size of company. The Las Vegas Strip is a destination place for tourists from all over the world and the rates for their hotel rooms tend to be higher, especially during peak seasons and special events. They are also owned and managed by very large corporations and are able to pay higher wages. The properties off of the strip cater more to locals and are usually owned by companies that are not as large. They do not have the high guest turnover rate and income potential as the strip properties. 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 15% with the discount code SUCCESS