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Factors That Can Influence Job Prospects – and Your Wage or Salary

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  • the level of education, training, and experience that is required to do a particular job – and the level you have acquired
  • the number of others who have similar or better skills who can compete with you for a job
  • how good you are at what you do
  • how long you have been working – your experience, your “seniority”
  • your work habits, reliability, dependability, perseverance
  • the state of the economy and whether businesses are growing or struggling
  • government legislation such as setting levels for the “minimum wage”
  • the impact of unions on the wages that are negotiated for certain jobs
  • the region in which you live and work and the labour market conditions in that region
  • the profitability and success of the particular company or organization for which you work
  • luck and chance – do you happen to be at the right place at the right time or the wrong place at the wrong time? There are a great many careers that were a result of “happenstance”or “serendipity”

There are, of course, other factors that can affect job opportunities and incomes. For example, in many cases women are still paid at lower levels than their male counterparts. There may also be discrimination on the basis of age, race, or colour. Authorities, in many cases, are trying to prevent situations of wage discrimination based on sex, age, race, and colour. But some cases of inequity and workplace prejudice still exist and pose challenges to some.