When employers set salary for professional employees by pricing professional jobs in the marketplace to establish the values for benchmark jobs, and then develop a salary structure based on the benchmarks and their other professional jobs, the employer has used a approach.

Question

Quizplus · Accepted Answer

The market-pricing approach involves setting salaries based on the market rates for similar jobs, using benchmark jobs to establish a salary structure.

When Employers Set Salary for Professional Employees by Pricing Professional