A market pay policy line:
A)is developed using non-key jobs.
B)can be generated using a statistical procedure called regression analysis.
C)requires market pay rate data on all jobs in the organization.
D)is always expressed as a linear relationship between job evaluation points and pay rates.

Question

Quizplus · Accepted Answer

A market pay policy line can be generated using a statistical procedure called regression analysis, which helps establish a relationship between market pay rates and job evaluation points. Option A is incorrect because the development of a market pay policy line focuses on key jobs. Option C is incorrect because data on all jobs may not be necessary. Option D is incorrect because a market pay policy line can be expressed in a curvilinear or nonlinear relationship, as well as a linear relationship.

A Market Pay Policy Line