
Establishing pay rates involves three stages, which are
A) job evaluation, conducting salary surveys, and combining job evaluation and salary survey results.
B) consulting with industry, determining salaries for executive positions, and deciding on a benefits plan.
C) pricing of benchmark jobs, collecting data on insurance benefits, and evaluating benefits packages.
D) collecting data on insurance benefits, creating a salary survey, and hiring external consultants.
E) collecting data used to price every job in the organization, working with a compensation consultant, and working with a benefits specialist.
Correct Answer:
Verified
Q21: A disadvantage of the job classification method
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Q23: The job evaluation method that rates each
Q24: An example of an informal survey conducted
Q25: The process whereby several people meet together
Q27: Statistics Canada provides monthly data on earnings
Q28: The type of job evaluation method where
Q29: In establishing pay rates, an employer should
Q30: Job evaluation is mostly a judgmental process
Q31: Another way to categorize jobs when undertaking
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