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Author Question: Pay grades and pay ranges are frequently used in the job-pricing process. Indicate whether this ... (Read 53 times)

B

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on: Jul 7, 2018
Pay grades and pay ranges are frequently used in the job-pricing process.
 
  Indicate whether this statement is true or false.

Question 2

Firms use compensation surveys to determine pay structures.
 
  What will be an ideal response?


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mceravolo

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: TRUE
Explanation: Compensation surveys involve the collection and subsequent analysis of competitors' compensation data. Compensation surveys traditionally focused on competitors' wage and salary practices. Employee benefits have more recently also become a target of surveys because benefits are a key element of market-competitive pay systems. Compensation surveys are important because they enable compensation professionals to obtain realistic views of competitors' pay practices.


B

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Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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