Which term refers to the actual minimum and maximum pay rate,in dollar terms,for all the jobs that fall in a particular pay grade?
A) pay range
B) broad banding
C) market anchor
D) step progression

Question

Quizplus · Accepted Answer

The term that refers to the actual minimum and maximum pay rate for all the jobs that fall in a particular pay grade is the pay range. The pay range is established based on factors such as the market rate, job responsibilities, and required skills and qualifications. It provides the framework for determining salary offers, salary increases, and promotional opportunities within the organization.

Which Term Refers to the Actual Minimum and Maximum Pay