Which of the following is true about pay grades and ranges?
A) One approach for establishing pay grades and ranges is to have a relatively large number of grades with identical rates of pay for all jobs within each grade.
B) The minimum of a pay grade's range places a ceiling on the rate that can be paid.
C) The maximum of a pay grade's range places a floor on the rate that can be paid to any employee whose job is classified in that grade.
D) In establishing pay grades and ranges,one method is to have a small number of grades with a relatively narrow dollar range for each grade.
Correct Answer:
Verified
Q28: A good rule of thumb when doing
Q42: Describe broadbanding.
Q42: What are degree statements?
Q43: Which of the following is true about
Q44: An organization's compensation system should produce a
Q46: Distinguish between skill-based pay and competency-based pay.
Q47: Skill-based pay is also referred to as:
A)competency-based
Q48: List the possible topics to be included
Q48: Broadbanding:
A)reduces the number of pay grades in
Q49: Market-based pay systems focus on:
A)external equity.
B)complex internal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents