Which of the following are methods used to establish base pay?
A) Market pricing, job evaluation, and pay for knowledge
B) Job analysis, competency testing and demographics
C) tenure, job preview, and performance appraisal
D) knowledge, education, and skill assessment

Question

Quizplus · Accepted Answer

Market pricing involves researching and comparing salaries for similar jobs in the same industry and geographic location, job evaluation analyzes the duties and responsibilities of a job to determine its relative worth, and pay for knowledge rewards employees for increasing their skills and knowledge. Job analysis, competency testing, demographics, tenure, job preview, and performance appraisal may all be factors considered in determining pay, but they are not methods for establishing base pay. Knowledge, education, and skill assessment may also contribute to pay decisions, but they are not methods for establishing base pay.

Which of the Following Are Methods Used to Establish Base