Question: A human resource manager determines the following fair salaries based on job evaluation data and market survey data. Unfortunately, the two sources of data differ

A human resource manager determines the following

A human resource manager determines the following fair salaries based on job evaluation data and market survey data. Unfortunately, the two sources of data differ on what constitutes fair pay. (See picture below) Job evaluation Market survey Marketing VP $80,000 $50,000 Information Systems VP $80,000 $100,000 What could be an adverse or unfavorable effect on the company in the product market and an adverse effect on the company in the labor market if the human resource manager goes with job evaluation as a basis of pay for both jobs? (Hint: there would be an adverse effect in the product market for one job, and an adverse effect in the labor market for the other job.) 1. (3 pts) Adverse effect in the product market: which job would be affected, and how? 2. (3 pts) Adverse effect in the labor market: which job would be affected, and how

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