Research how to prepare for an interview Essay Example | Topics and Well Written Essays - 500 words

Research how to prepare for an interview - Essay ExampleSeveral factors utilize to reach a salary level include the supply and demand of labor, gentility level and bang of employees, competition, geographic location and the organization bearing the job (Krugman, 2007).When certain job markets demand a game supply of labor, but there is a shortage of enough qualified individuals to take them up, employers will offer the few available higher salary tags in a bid to attract and retain them. Those who ingest the necessary knowledge, skills and experience, stand to bid a higher salary offer (Krugman, 2007).Another factor find out salary is the geographic location of the employees posting. For example, an organization may be having branches in various states, and a refreshful employee is to be posted to a state divers(prenominal) than the one the interview occurred. Such an employee will receive a higher salary to compensate his moving away from his home state (Krugman, 2007). Fu rthermore, geographically different regions have different living costs thus different regions will offer different salaries for the resembling job and experience (Krugman, 2007). There are some states whose nominal wages exceed the federal minimum rate, and in those states, the employer pays whichever is higher.Employers also base their salary rates on what their competitors are paying. After running searches and acquire an idea of what the competition pay, most employers will offer higher salaries in order to outbid them in acquiring the best skilled employees available. In cases where the government is the employer, government guidelines determine salaries. For example, the price of the bid or tender placed on the project for which the employee, or subcontractor, is being hired will play a part in determining their pay.Factors that cause salaries to differ within the same position include the industry, responsibilities, education