Which of the following pay level models is appropriate for a company if market pressures or labor supply-and-demand pressures greatly impact the company?
A) Broadbanding
B) Delayering and banding
C) Pay grading system
D) Management fit model
E) Going rate model

Question

Quizplus · Accepted Answer

The Going rate model is the most appropriate pay level model for a company if market pressures or labor supply-and-demand pressures greatly impact the company as it takes into account the external labor market and the going rate to fix the salaries of employees. This model ensures that the compensation provided by the company is competitive and fair in the market.

Which of the Following Pay Level Models Is Appropriate for a Company