Federal employees have fifteen pay grades,and within each grade they have ten steps.This is an example of

Question

Quizplus · Accepted Answer

The given example of fifteen pay grades with ten steps within each grade represents a wage structure, which organizes and defines the pay rates for different levels or positions within an organization. The other options do not accurately describe the given example. Prevailing wages refer to the average wages for a particular industry or occupation in a specific geographic area. Wage level may refer to the amount of pay offered for a particular job or position, but it does not encompass the entire pay structure. Individual wages refer to the specific pay rates for individual employees, which may vary based on factors such as experience, performance, and seniority. Equitable compensation refers to fair and unbiased pay that is based on objective criteria such as job responsibilities, qualifications, and performance. While wage structure may contribute to equitable compensation, it is not synonymous with the concept.

Federal Employees Have Fifteen Pay Grades,and Within Each Grade They