Which factors account for considerable variation in pay within occupations?
A)employment laws
B)interindustry wage differentials
C)relevant labor market
D)knowledge, skills, and abilities

Question

Quizplus · Accepted Answer

The knowledge, skills, and abilities of an individual within a given occupation can account for a considerable variation in pay. For example, an experienced and highly skilled surgeon may command a higher wage than a less experienced and less skilled surgeon within the same occupation. The other options (A, B, and C) may also have an impact on pay, but they do not account for considerable variation within occupations.

Which Factors Account for Considerable Variation in Pay Within Occupations