For the purpose of applying pay policies,this term refers to the groupings of jobs based on compensable factors.
A)market lines
B)market-competitive pay structures
C)pay grades
D)pay ranges

Question

Quizplus · Accepted Answer

Pay grades are commonly used in organizations to group jobs based on compensable factors such as job responsibilities, knowledge, skills, and abilities. It serves as a framework to design and administer pay policies in a consistent and transparent way. Pay grades are typically defined by a minimum, midpoint, and maximum salary range, and employees are assigned to a particular pay grade based on their job evaluation and performance evaluation results.

For the Purpose of Applying Pay Policies,this Term Refers to the Groupings