Job-based compensation plans focus on the key component of:
A) openness.
B) equity.
C) motivation.
D) job knowledge.

Question

Quizplus · Accepted Answer

Job-based compensation plans aim to establish equity in pay among employees holding similar positions. This means that employees who hold the same position and perform similar tasks should receive similar compensation. The focus is on ensuring that employees are paid fairly for the work they perform. While motivation and job knowledge are important factors in determining compensation, they are not the primary focus of job-based compensation plans. Openness is also relevant to compensation planning but is not the most important component.

Job-Based Compensation Plans Focus on the Key Component Of