Market-based pay systems focus on:
A) external equity.
B) internal equity.
C) traditional pay grades.
D) traditional pay ranges.

Question

Quizplus · Accepted Answer

Market-based pay systems focus on external instead of internal equity and operate without traditional pay grades and ranges. Proponents of market-based pay believe that it is unnecessary to burden organizations with complex and time-consuming job evaluations when the reality of the market can fairly price jobs.

Market-Based Pay Systems Focus On