MATCHING KEY TERMS AND DEFINITIONS
-Evaluating jobs based on pre-determined job grades.
A)Team-based compensation
B)Extrinsic rewards
C)Compensation administration
D)Ordering method
E)Fair Labor Standards Act
F)Performance-based rewards
G)Wage structure
H)Differential
I)Organization-wide incentive
J)Classification method
K)Equal Pay Act
L)Merit pay
M)Golden parachute
N)Compensation surveys
O)Exempt

Question

Quizplus · Accepted Answer

The classification method involves evaluating and categorizing jobs based on pre-determined criteria or grades, which is used to establish a structured wage and salary system within an organization.