When implementing a job-based compensation plan,it is best that a company:
A) focus on tactical, immediate issues.
B) narrow each job's pay range.
C) avoid job banding.
D) involve employees.

Question

Quizplus · Accepted Answer

When implementing a job-based compensation plan, it is important to involve employees in the process. This ensures that their understanding of their job role and responsibilities are accurately reflected in the job description and corresponding pay range. It also promotes transparency and fairness in the compensation system, which can lead to increased employee satisfaction and engagement. Focusing solely on tactical, immediate issues, narrowing pay ranges, or avoiding job banding can lead to a lack of flexibility and may not accurately reflect the value of each job within the organization.

When Implementing a Job-Based Compensation Plan,it Is Best That a Company