Many organizations,including the military,base their compensation plans on ________.
A) job pricing
B) single pay rate
C) pay grades
D) broadbanding

Question

Quizplus · Accepted Answer

Pay grades are a common method used by organizations, including the military, to structure their compensation plans. Pay grades establish a range of salaries associated with a particular job or group of jobs, based on factors such as skill level, experience, and responsibility. This approach allows for consistent, equitable compensation across the organization and simplifies the process of administering pay. Job pricing involves analyzing individual jobs to determine their relative value and establishing pay rates accordingly, while single pay rate and broadbanding are other methods of structuring compensation that may be used in certain contexts but are less common than pay grades.

Many Organizations,including the Military,base Their Compensation Plans on ________