Which of the following is an adjustment to a pay rate to reflect differences in working conditions or labor markets?
A) bonus
B) pay differential
C) green-circle rate
D) rank-and-file adjustment
E) red-circle rate

Question

Quizplus · Accepted Answer

Pay differential is an adjustment to a pay rate to reflect differences in working conditions or labor markets, such as paying more to employees in a hazardous working environment or to employees working in a region with a high cost of living. Bonus is an extra payment given to employees as a reward for excellent performance or to motivate them to work harder. Green-circle rate refers to a pay rate that is below the minimum rate for a job, usually provided to an inexperienced employee. Rank-and-file adjustment is a pay increase given to all employees in a particular job category based on seniority or job performance. Red-circle rate is a pay rate above the maximum rate for a job, usually offered to an experienced employee.

Which of the Following Is an Adjustment to a Pay