Running head: DIFFERENCES IN COMPENSATION1Differences in CompensationName Institution
DIFFERENCES IN COMPENSATION 2Differences in CompensationQuestion 1Salary difference exists in the labor market occasioned by several aspects. Individuals may have differences in pay based on location, type of career and the level of competence one has in a career. In this respect, it looks into the issues that might affect one’s chances of employment and the need for a proper job description. Question 2The study took into consideration the pay of a nurse versus that of a teacher in two different locations each having a teacher and a nurse. The results indicated my exact expectation as there were pay differences among the professionals with each varying according to the profession as well as the location of an employee (Salary.com, 2017). The bonuses on the salaries differ depending on the difficulty of a task and the risks involved as well as the environment of operation (Bischoff & Reardon, 2014). Question 3The value of stock options does not exist in the description. The implications of this result in the ability of employees to work diligently and take the company as their own where it reduces the dedication level and sense of belonging to a given organization. Question 4The job description for the different professions differs according to specialization and tasks to be performed. For instance, the nurses in the two locations have their job cut out according to the patients to be attended. The descriptions are accurate as they offer the exact
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