Which of the following represents the relationship between pay ranges and pay grades?
A) The midpoints for each pay grade usually correspond to the points where the pay policy line crosses each range.
B) A pay grade is expressed as a percentage above the midpoint of the pay range.
C) Grades set the ceiling and floor on what the employer is willing to pay for the work; ranges refer to grouping of jobs.
D) Pay ranges set an upper and lower limit between which all wages for all jobs in a particular grade are expected to fall.
E) The competitive pay level for each range becomes the midpoint of the pay grade for that range.
Correct Answer:
Verified
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