Do salary levels in a corporation matter?
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Do salary levels in a corporation matter?
Yes they do. If salaries are low, workers are less motivated in their work and even with a very high hiring levels, production levels will be reduced. Workers can decide to move to other corporations where salaries are higher. Good salaries are important and mainly a balanced wage policy will prevent large numbers of workers from moving between the corporations.
When salaries go very high, corporations will find it difficult to pay and their profits will suffer. The salary costs are an important factor in the corporations finance and they must be controlled for the corporation to remain competitive.
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