A pay adjustment matrix considers two factors-the employee's level of performance as rated in an appraisal and the employee's position in the pay range, which is often related to experience and tenure.

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This statement is true. A pay adjustment matrix takes into account an employee's performance level as rated in an appraisal and their position in the pay range, which is normally related to their experience and tenure.

A Pay Adjustment Matrix Considers Two Factors-The Employee's Level of Performance