Question

What do you mean by wage differentials? Are they still prevalent in Indian organizations?
Discuss their relevance.​

Answer 1

Answer:

Wage differentials bear a direct relationship to the diversity in occupation and industries that exist in the economic sphere of activity in a country.

A certain job requiring a certain skill is paid more or less than another job requiring a different skill either in the same or some other industry.

Wage differential refers to differences in wage rates due to the location of company, hours of work, working conditions, type of product manufactured, or other factors.

Explanation:

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