The graphic description of the relationship between the value of the job and the average wage paid for this job is called a
A)pay grade.
B)wage curve.
C)rate range.
D)wage structure.
E)wage grade.

Question

Quizplus · Accepted Answer

A wage curve is a graphical representation of the relationship between job value and wage rates. It shows how wage rates increase as job value (e.g., skill, complexity, responsibility) increases. Pay grade refers to the groupings of jobs based on similar levels of skill, effort, responsibility, and working conditions. Rate range is the range of wages paid to employees in a particular job or job family. Wage structure refers to the overall pattern of compensation for employees across various jobs and pay grades. Wage grade is a classification system used for federal employees in the United States.

The Graphic Description of the Relationship Between the Value of the Job