A pay policy line
A) shows the mathematical relationship between the minimum pay and the maximum pay in an organization.
B) can be generated using a statistical method called regression analysis.
C) requires market-pay-rate data on all jobs in the organization.
D) can seldom provide information on the market pay level for a given job evaluation.
E) reflects the pay structure in the market, which always matches rates in the organization.

Question

Quizplus · Accepted Answer

A pay policy line can indeed be generated using regression analysis, which is a statistical method used to determine the relationship between variables. In this context, it helps establish the relationship between job evaluation points and market pay rates, thereby guiding the organization in setting its pay structure.

A Pay Policy Line