Many organizations group jobs into sets of jobs having similar worth or content called:
A) pay grades.
B) hourly rates.
C) pay policy groups.
D) pay ranges.
E) broadbands.

Question

Quizplus · Accepted Answer

Pay grades are a way of grouping jobs together based on similar worth or content. Jobs within the same pay grade are typically compensated at the same level, although there may be some variation based on individual performance or other factors. By grouping jobs into pay grades, organizations can ensure that they are compensating employees fairly and consistently based on their job responsibilities and requirements.

Many Organizations Group Jobs into Sets of Jobs Having Similar