These three wage decisions illustrate the kinds of wage comparisons that employees make when they evaluate their wages. Accountants in Company A, for example, compare their wages with the wages of accountants in other organizations to see whether Company A has a higher or lower level of wages. The accountants also compare their wages with the pay of bookkeepers, computer programmers, and other members of Company a to learn whether the internal wage structure offers higher pay to jobs with more responsibility and greater difficulty. Finally, the accountants discuss their wages among themselves to determine whether each persons wage is the same or whether differences in wages are related to productivity, seniority, education, or something else.Test Your KnowledgeCan you explain the relationship between compensation and other human resource functions (i. e staffing, performance evaluation, training and development, employee relations)?Can you describe the strategic objectives of compensation?Can you list the three labor markets and explain the determinates of pay in each of the different markets