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Wage Rates

There are many different factors that can influence wage rates. One factor is the type or nature of the job. For instance, there are differences in the wage rates of a part time job and a full time job; there are also differences in the wage rates of nursing jobs and receptionist jobs. Other factors that affect wage rates are the the years of work experience of the employees and the area of practice. The following are some information about wage rates according to the different factors mentioned above.

Wage rates according to jobs

In a survey for Australian hourly rates, the top in the list of jobs with high hourly rates are nursing jobs. Next are the administrative or office manager jobs. Day care worker jobs are next in line when it comes to median hourly wage rates. Hairdressing jobs have lower median hourly wage rates compared to office manager or nursing jobs but they have higher rates compared to receptionist jobs. One reason for this order of wage rates is that nursing jobs require more intensive training compared to office manager, day care, hairdressing and receptionist jobs. Plus, having nursing jobs means you have to deal with sick patients, a risk that's not present in the other jobs.

Wage rates based on the years of experience

The longer the years of experience, the higher the wage rates. Usually, employees with 20 years or more experience have higher hourly wage rates. The wage rates based on years of experience can be categorised according to this scale -- 20 years or more experience, 10 to 19 years of experience, five to nine years work experience and one to four years of experience. For employees with less than 1 year work experience, the usual wage rate per hour is of course lower.

Wage rates by area of practice

The median hourly wage rates of jobs may also depend on the areas of practice. In the areas of corporate and business, the median hourly rate is quite high. The fields of litigation and appeals also have competitive hourly wage rates. The median hourly wage rates for other areas of practice such as real estate or construction is lower than those of corporate and litigation jobs.

Aside from these, there are other factors that influence or determine wage rates. Some of these are educational background, size of the company and the types of employers. Knowing these various factors will help one in finding a job that would suit one's lifestyle.

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