Which of the following concepts best explains why a compensation specialist is likely to earn more money working for a human resources consulting firm than for a food distribution company?
A) pay equity
B) pay differentials
C) relative value
D) labour supply

Question

Quizplus · Accepted Answer

Relative value explains that jobs that require more skills and knowledge are paid more than jobs that require less skills and knowledge. Compensation specialists working for human resources consulting firms typically have more skills and knowledge than those working for food distribution companies, so they are likely to earn more money.

Which of the Following Concepts Best Explains Why a Compensation