The average pay that most employers provide for a similar job in a particular area or industry is known as the ________ rate.

Question

Quizplus · Accepted Answer

C) The market (going) rate is the average pay that most employers provide for a similar job in a particular area or industry. Many organizations have a policy that calls for paying the market rate. In such firms, management believes that it can employ qualified people and yet remain competitive.

The Average Pay That Most Employers Provide for a Similar