Which type of pay structure is feasible if all jobs are benchmark jobs and direct matches can be found in the market?
A) Skill-based pay system
B) Competency-based pay system
C) Market-based pay system
D) Gainsharing

Question

Quizplus · Accepted Answer

If direct matches can be found in the market, it indicates a strong correlation between the external market rates and the internal pay levels. A market-based pay system would be feasible in this scenario as it would allow organizations to establish pay scales that reflect the going market rates for similar positions. Skill-based and competency-based pay structures focus on individual attributes and may not be necessary if there are already established external market rates. Gainsharing rewards employees for achieving predetermined performance goals rather than focusing on job benchmarking, making it an inappropriate choice for this scenario.

Which Type of Pay Structure Is Feasible If All Jobs