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Comparable Worth

Transcript: Mondy, R. (2013). Human Resource Management (13th ed). Pearson Learning Solutions. Retrieved from Text Definition: Comparable Worth Opponents Say: Comparable Worth. (n.d.). Retrieved October 21, 2013, from The Pros and Cons of Comparable and What You Really Need to Know About. (n.d.). Retrieved October 21, 2013, from Research: For or Against? Mondy, R. (2013). Human Resource Management (13th ed). Pearson Learning Solutions. Retrieved from Comparable Worth According to a 2008 survey by the International Trade Union Confederation of 63 countries, on average, women earned 84% of men's earnings... a 16% gap. Advocates say: studies show that the greater the concentration of women in a job, the lower the wage employers pay that job. claim that women have been victimized by a socialization process that unjustly steers them towards precisely those fields that are the least lucrative. argue that the not only is the current system unjust by that it also imposes significant costs on society via tax dollars Equity Pay Act requires equal pay for equal work I.E. a female nurse is paid the same as a male nurse Comparable worth advocates prefer a broader interpretation of equal pay I.E. if the value of a nurse to a hospital is comparable to a the value of welder to a manufacturing company they should have equal pay... Nurse Vs. Welder Determination of the values of dissimilar jobs (such as company nurse and welder) by comparing them under some form of job evaluation, and the assignment of pay rates according to their evaluated worth. dispute the claim that the current wage system is unfair. believe a comparable worth plan would interfere with the free market mechanisms that are required for economic efficiency. aka it would damage the economy claim that implementing comparable worth programs on a national scope would raise payrolls for employers, and these increased costs would lead to huge losses for private employers and higher deficits in the public sector.

Comparable Worth

Transcript: In order to implement pay equity, the company must: - Evaluate all jobs within the firm. - Rate jobs based on level of skill required. - Compare each job according to a common index. - With index, people with different jobs, but similar ratings would be paid equally. This method should help reduce income differences between men and women. People tend to confuse comparable worth with equal pay for equal work which is not the case. Pay equity policies encourage equal pay for comparable work, work that is different, but shares the same importance to the company. Jobs that are likely to have similar requirements must be paid the same as well. The concept that women and men should receive equal pay for jobs calling for comparable skill and responsibility. Comparable Worth Comparable Worth in Depth (Contd.) - Costs a lot of money. - Due to index system, jobs would be paid equally, regardless of income differentials in the market. - No proper way of measuring the number of points a job deserves. - Limiting the number of jobs. - Laying off employees. - Increased wages equals to less benefits. Controversies behind Comparable Worth By: Mohammad Sultan The essential purpose of comparable worth is to pay equal wages for jobs that are of comparable value to the employer. This would mean comparing diverse jobs and being able to match the employees income according to the value of their jobs, disregarding the employee's age, race, gender, and any other differences. The implication of comparable worth has caused many controversies within businesses. Firms have been forced to make unwilling changes and jobs have been deeply affected. Some employees tend to be paid less than others, despite the fact that their jobs are of equal value to the company, but since they are equivalently important, shouldn't these employees be paid equally? Definition of Comparable Worth from Merriam-Webster Dictionary Comparable Worth Implementing Comparable Worth Comparable Worth in Depth I hope you all have a better understanding of comparable worth and thank you!

Comparable Analysis Chile vs. California

Transcript: Books Geradin, D. (2004). Competition law and regional economic integration an analysis of the southern Mediterranean countries. Washington, D.C., World Bank. Gorman, T. (2011). The complete idiot's guide to economics. New York, Alpha. McCarthy, E., & Ewing-Mulligan, M. (2009). California wine for dummies. Hoboken, N.J., Wiley. Porter, M. E. (1991). Michael E. Porter on competition and strategy. Harvard Business School Press. USA. VISSER, E. (2004), A Chilean Wine Cluster? Governance and Upgrading in the Phase of Internationalization, Chile, United Nations Publications ZANNI, L. (2004). Leading firms and wine clusters: understanding the evolution of the Tuscan wine business through an international comparative analysis. Milano, F. Angeli. Websites California Wine: A Brief History | MyGourmetConnection Wine and Spirits. 2014. [ONLINE] Available at: . [Accessed: 11 March 2014] Chilean Wine History. 2014. [ONLINE] Available at: [Accessed: 11 March 2014] Chilean- Wine, 2014. [ONLINE] Available at: [Accessed: 24 March 2014] Chilean Wine History Article - . 2014. [ONLINE] Available at: [Accessed: 11 March 2014] Chilean- Wine, 2014. [ONLINE] Available at: [Accessed: 24 March 2014] Franklin, Jonathan . (2010). Chile earthquake hits wine industry.Available: Last accessed 22nd of March 2014. Joseph, Sebastian . (2014). Hardys Wine sets out to replicate Nike’s social media sparkle. Available: Last accessed 23rd of March 2014. Julig, Louise . (2013). How a Winery Uses Social Media to Increase Sales and Brand Loyalty. Available: Last accessed 23rd of March 2014. Statistics | California Wines. 2014. [ONLINE] Available at: [Accessed: 11 March 2014] Sustainable Winegrowing Program, 2014. [ONLINE] Available at: [Accessed 22 March 2014]. The Associated Press. ( 2008). Weak Dollar Helps Shrink Trade Deficit.Available: Last accessed 23rd of March 2014. The World Bank, 2014. [ONLINE] Available at: [Accessed 22 March 2014]. Wines of Chile. (2008). Chile’s World Carmenere Competition. Available: Last accessed 22nd of March 2014 Wines Of Chile, 2010. [ONLINE] Available at: [Accessed 22 March 2014]. Foreign Suppliers Infrastructure and logistics California California Competitive Rivalry Threat of new entrants SWOT Analysis Porter's 5 Forces Porter's Diamond Economies of Scale with saturated market Branding & Brand Equity Rothschild could possibly harm brand image Logistics and Infrastructure - water supply systems - inefficient systems Currency Fluctuations ???????? California High Rivalry Red Ocean Strengths Porter's Diamond Chile Low Premium quality Ideal Climate Good economic climate Low labor cost Factor Conditions: Demand Conditions: Related & Supporting Industries: Strategy, Structure, Rivalry: Part 1. Chile Moderate Rivalry Blue ocean Chile Low threat due to nature of product Increased demand Infrastructure and Logistics - Chile $90.26m - California renew water supply systems Branding and Repositioning - Premium products vs. Organic products Wine Tourism Social Media and E-Commerce Introduction Industry overview Non Tariff Barriers Mass Production i.e retailers Geographical Location - Earthquakes - Latitude and Altitude Conclusion Low barriers to entry High level of competiton California High Bulk production Social Media and E-Commerce Partnerships with Complementary Brands Eco Wine Tourism Organic Products Low demand in domestic market New habits and demand patterns Global trend Economic structure & liberalization Good quality wine to low price Increased local competition SWOT ANALYSIS Chile High local demand Bargaining Power of Suppliers References AGENDA Chile and California is beautiful Production VS Consumption Threat of substitutes Industry Analysis Threats Skilled and educated workforce Well-developed infrastructure Ideal Location Nathalie Bernce 120369 Linnea Cronstedt Colt 113218 Jessica Englund 120370 Jessica Ekström 113219

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