A(n)______ approach to pay determination involves finding out what other organizations pay for the same or similar jobs through available pay surveys,and it sets pay levels based on market pricing.
A) lateral
B) internal
C) external
D) vertical

Question

Quizplus · Accepted Answer

An external approach to pay determination involves looking at market pricing, or what other organizations pay for similar jobs, and setting pay levels based on that information. This approach is sometimes called "market pricing" or "market-based pay."

A(n)______ Approach to Pay Determination Involves Finding Out What Other