Attracting Employees using Wage Differential


 
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Attracting Employees using Wage Differential
James Antwi, HR Consultant, Swaziland, Member
A wage differential, also called "compensating differential" or "compensating wage differential" or "equalizing difference", is defined as the additional amount of income that a given worker must be offered in order to motivate her to accept a given undesirable job, relative to other jobs that worker could perform.
How can we use the theory of 'wage equalizing differentials' to attract skilled workers to remote and rural areas in low income countries?
Is the mode of application the same in both developed world and developing economies?...Sign up
 

 
Compensating Differential Incentive Pay
Mohun Aujayeb, HR Consultant, Mauritius, Member
If a worker is asked to perform a work/job/task that is normally not performed by others in that group/grade, it makes sense to additionally compensat...Sign up
 

 
Negative Compensating Differential
Jaap de Jonge, Editor, Netherlands
One can also speak of a "compensating differential" for an especially desirable job, or one that provides special benefits, but in this case the diffe...Sign up
 

 
Attract Workers by Offering More Pay
Jaap de Jonge, Editor, Netherlands
There is a lot of "clearing labour markets"-literature dealing with geographical wage differentials.
The economic theory holds that in a situatio...Sign up
 

     
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