Whistle Blower

Whistle blower is the term that is used for an individual who exposes certain wrongdoings, misconduct, or some illegal activity happening inside an organization to the authorities or to the public so that some action can be taken to put a stop to them.

A whistleblower can be an employee of the organization or someone from outside who comes across something suspicious happening within the organization. It can also be suppliers, customers, clients, contractors etc. Some countries have even passed laws to protect the interests of the whistleblowers.

Wage Drift

Wage drift is the difference between the wages that are offered at the time of employment and the wage that a worker gets after the work period is over. The reasons for the wage drift can be because of the increase in the actual amount due to the overtime earned by the worker or the bonus earned, profit shared or also performance related incentives.

The reason for offering such additional incentives in the earnings of the workers can also be attributed to the shortage of labor in certain reasons, which compel the employers to introduce such drifts in the wages for the employees.

Wage Curve

A wage curve is a curve that depicts the macroeconomic association between the levels of unemployment in an area with respect to the availability of the jobs in that area. In simple words, a worker who wants to work in a region where there is a high level of unemployment tends to get a lower salary as compared to his counterpart in a region where unemployment level is not that high.

The reason is simple as it is more difficult to find the suitable workforce in areas where most of the prospects are already employed, which calls for higher pay-rates