Actual market rates are used for key jobs in the pay policy line approach, but not in the market survey data approach.

Name: Actual market rates are used for key jobs in the pay policy line approach, but not in the market survey data approach.
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Question

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The pay policy line approach combines information from external and internal comparisons to derive pay rates for both key and nonkey jobs. This approach differs from the market survey data approach in that actual market rates are not used for key jobs.

Actual Market Rates Are Used for Key Jobs in the Pay