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Chapter 7 -- Defining competitiveness - College of Business ...

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Some Consequences <strong>of</strong> Pay Levels<br />

7 - 17<br />

Contain operating<br />

expenses (labor costs)<br />

Increase pool <strong>of</strong><br />

qualified applicants<br />

Competitiveness <strong>of</strong> total<br />

compensation<br />

Increase quality and<br />

experience<br />

Reduce voluntary<br />

turnover<br />

McGraw-Hill/Irwin<br />

Reduce pay-related<br />

work stoppages<br />

Increase probability <strong>of</strong><br />

union-free status<br />

© 2002 by The McGraw-Hill Companies, Inc. All rights reserved.

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