In the context of job evaluation, external pay data are used to identify the relative value of jobs based on what other employers pay for similar jobs in the _____.
A) factor-comparison method
B) ranking method
C) point factor method
D) market pricing method

Question

Quizplus · Accepted Answer

External pay data is used in the market pricing method to determine the relative value of jobs based on what other employers pay for similar jobs in the market. The factor-comparison method uses a predetermined set of job factors to evaluate job worth, the ranking method involves ordering jobs from highest to lowest based on overall value, and the point factor method evaluates jobs based on a predetermined set of key job factors.

In the Context of Job Evaluation, External Pay Data Are