Which of the following represents the pay rate differences for jobs and employee contributions of unequal worth to a company?
A)merit pay
B)incentive pay
C)retention pay
D)pay structures

Question

Quizplus · Accepted Answer

Pay structures are designed to differentiate pay levels based on job responsibilities, skills required, education or experience, and other factors that contribute to the overall worth of an employee to the company. This allows for pay rate differences for jobs and employee contributions of unequal worth. Merit pay is based on individual performance, while incentive pay is tied to reaching certain goals or targets, and retention pay is used to encourage employees to stay with the company.

Which of the Following Represents the Pay Rate Differences for Jobs