__________ is the generation of salary structures and pay levels for each job based on the job evaluation data
A) Job pricing
B) Single pay rate status
C) Pay grade reckoning
D) Broadbanding

Question

Quizplus · Accepted Answer

Job pricing is the process of determining the salary structures and pay levels for each job based on the job evaluation data. It involves analyzing the job description, job requirements, and competencies, and assigning a value or weight to each job. This value is then used to determine the appropriate salary range for the job. Single pay rate status refers to a pay system where all employees in a job receive the same pay regardless of their performance or experience. Pay grade reckoning involves creating a hierarchy of jobs based on their value to the organization, and then assigning pay ranges to each grade. Broadbanding refers to a pay system where jobs are grouped together into broad bands or categories, and employees within each band are paid based on their skills and competencies rather than their job title or position.

__________ Is the Generation of Salary Structures and Pay Levels