A market pay line:
A)is developed in order to price each compensable factor.
B)shows average pay at different pay levels within a particular industry.
C)can be calculated by using the government's O*NET website.
D)can tell us the exact level of pay that should be offered to a recruit.
E)is based on all benchmark companies in a given industry.

Question

Quizplus · Accepted Answer

A market pay line shows the average pay at different pay levels within a particular industry. It does not price each compensable factor or tell us the exact level of pay to offer a recruit. It is also not based on all benchmark companies in a given industry, although it may include data from multiple companies. The government's O*NET website provides information on job requirements and skills, but does not specifically calculate market pay lines.

A Market Pay Line