Top managers significantly impact wages, gender pay gap, and rent sharing.
Managers play a big role in determining wages and wage policies. A study in Portugal looked at how top managers affect worker pay and found that they influence wages, the value of education and experience, the gender pay gap, and how profits are shared. Different managers have different styles when it comes to setting pay. Workers tend to earn more in companies led by managers with higher education, and managers who have been with a company longer are more likely to share profits with employees.