In a union contract, future wage increases are often tied to the Consumer Price Index and provide for
A) economic strikes.
B) contract renegotiations.
C) wage reopener clauses.
D) pay tied to productivity.
E) cost of living adjustments.
Answer: E
Explanation: E) Compensation includes both current and future wages. One common tool for securing wage increases is a cost-of-living adjustment (COLA). Most COLA clauses tie future raises to the Consumer Price Index (CPI), a government statistic that reflects changes in consumer purchasing power. Almost half of all labor contracts today include COLA clauses.
You might also like to view...
By combining more assignments into a single layer, organizations give managers more flexibility in making assignments and awarding pay increases which results in:
A. outsourcing. B. broad bands. C. rightsizing. D. benchmarks. E. downsizing.
In 1968, the Council of Ministers enacted ________ to implement the EC Treaty Provisions on the free movement of workers
A. Directive 68/360 B. Regulation 161/68 C. the Convention Concerning Freedom of Association D. the Convention Concerning the Application of the Principles of the Right to Organize and to Bargain Collectively