A company using a skill-based pay system prices the job of lead assembler at between $10 and $22 per hour.Survey data showed the job assembler averaged $10 per hour and the job of assembly supervisor at $22 per hour.The company was using the _____ method of job matching.
A) benchmark job
B) low-high
C) pay range
D) benchmark conversion

Question

Quizplus · Accepted Answer

The low-high method compares the wages of the lowest and highest paid workers in a job group and assigns a pay range based on that comparison. In this case, the lead assembler job was priced between $10 and $22 per hour based on the comparison between the lowest paid assembler and the highest paid assembly supervisor. This matches with option B, the low-high method of job matching.

A Company Using a Skill-Based Pay System Prices the Job