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time rate

wages
piece rate

overtime pay
wage factors
bonuses

commission

job satisfaction

type of work

working conditions

working hours

holidays
choice of occupation
non-wage factors pensions

fringe benefits

job security

career prospects

size of the firms

location

qualifications

limiting factors skills

experience

demand for goods and services

productivity of labour
demand
price and productivity of capital

non-wage employment costs


demand and supply
abilities and qualifications

supply advantage of occupations

demographic changes
wage determination
bargaining power

government policies NMW

Workers public opinions

discrimination

the proportion of labour costs in


total costs

the ease with which labour can


be substituted by capital
elasticity of demand for labour
the elasticity of demand for the
product produced

the time period

wage change the qualifications and skills


required

the length of training period

the level of employment


elasticity of supply for labour
the mobility of labour

the degree of vocation

the time period

skilled workers

quick training
advantages
time-saving
specialisation and division of special interests
labour
monotony

immobility
disadvantages
talents not utilized

potential unemployment

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