How are wages for a particular job determined Brainly?

ANSWER: By the equilibrium between the supply and demand for workers for that job.

How can wages be determined?

According to economic theory, workers’ wages are equal to the marginal revenue product of their labor. If one employee is very productive he or she will have a high marginal revenue product. In reality, wages are determined not only by one’s productivity, but also by seniority, networking, ambition, and luck.

Who decides the salary?

Generally it’s the hiring manager (the person you report to or eventually report to) that you are negotiating with for your salary, signing bonus, relocation, title, etc, but the manager may be constrained by their budget and other company policies such as pay bands for certain levels and titles that are typically set …

Who determines what is the minimum wage?

the U.S. Department of Labor

Who decides salary HR or hiring manager?

Yes but not everywhere. There is an unwritten rule that HR decide the salary part and all budgetary related things. But, in general, what a HR or hiring manager do is they will prepare a salary structure (slabs) for the position they are hiring for. Then they will take it to the Chairman/Boss for the approval.

Is getting a 2nd interview a good sign?

A second interview is always a good sign. It means that they are interested enough to know more about you and what you can do for their business.

Is a 2 hour interview Normal?

Our interviews usually last 1-2 hours, although it really depends on the person and how good they are at responding to questions and coming up with questions of their own. Some companies go a lot longer, like 6-8 hour interviews where you might meet and sit down with every team member.

What are 2nd interviews for?

Your second interview is to solidify your standing as a strong candidate by showcasing your experience, skills and knowledge about the business. A second interview can mean different things depending on where you’re interviewing. It could mean you’re talking to: The hiring manager for the second time.

How do you know if a 2nd interview went well?

8 Signs You Nailed Your Interview

Your Interview Ran Longer Than Scheduled.
Your Interviewer’s Body Language Cues Were Positive.
Your Conversation Flowed Naturally.
You Were Asked Follow-Up Questions.
They Want You to Meet Other Team Members.
Your Interviewer “Sold” You on the Job and Company.

Is a 40 minute interview good?

38 percent of professionals voted that a good first interview should last 45 minutes. We agree! If your first interview lasted about 45 minutes, that is generally a good sign that the employer was interested in bringing you on board. If your interview was longer or shorter, keep reading.

Is a 30 minute interview good?

A typical interview should last around 30 minutes and a really good interview could even last longer. The length of the interview shows that the interviewer is seriously interested in getting to know you and is genuinely considering your job application.

How long after a job interview should you hear back?

As a rule of thumb, you’re advised to wait 10 to 14 days before following up. It’s not uncommon to wait for a few weeks before hearing back from your interviewer. Calling too often can make you look needy and high maintenance.

How do you politely ask an interview result?

[Recruiter or Hiring Manager], Following up for the position of [position name], I’d like to inquire about the progress of your hiring decision and the status of my job application. I am very eager to work with your company. Thanks for your time and consideration, and I look forward to hear back from you soon.

Is no news good news after an interview?

But, don’t assume that no news is bad news for your job search! You will probably not be told what happened, but don’t give up on an opportunity too soon. Particularly if it has only been few days or a couple of weeks past the date the employer said they’d get back to you, don’t give up on the job.