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Congratulations!
You have completed ERI DLC Course 04: Organization Salary Determinations.
You should now be able to:
- Identify the impact of labor costs on an organization's ability to pay
- Differentiate between an organization's ability to pay and willingness to pay
- Identify the advantages of using comparable salaries to set pay
- Recognize the difference between cost of living and cost of labor
- Identify the impact of cost-of-living increases on salary decisions
- Recognize the role of unions in the labor market
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.