The pay range for a specific job category in a community is referred to as
A) a tip pool.
B) merit pay.
C) living wages.
D) the local wage rate.

Question

Quizplus · Accepted Answer

The pay range for a specific job category in a community is determined by the local wage rate, which takes into account factors such as the cost of living and demand for certain types of jobs in that particular area. Option A, tip pool, refers to a system of sharing tips among employees in the service industry. Option B, merit pay, is a system of awarding pay increases based on individual performance. Option C, living wages, refers to a wage rate that is sufficient for an individual to cover their basic needs, such as housing, food, and healthcare. While living wages may be related to the local wage rate, they do not inherently determine the pay range for a specific job category in a community.

The Pay Range for a Specific Job Category in a Community