Although labour market conditions and legal requirements put a floor on the pay level required to attract sufficient employees, the ____________puts a lid on the maximum pay level that an employer can set.
A)product market
B)employee turnover
C)labour demand
D)job market
E)labour supply

Question

Quizplus · Accepted Answer

The product market puts a lid on the maximum pay level because it determines how much revenue a company can generate and, consequently, how much it can afford to pay its employees.

Although Labour Market Conditions and Legal Requirements Put a Floor