Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market share has dropped significantly, and employee turnover has increased. Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers.
Which of the following, if TRUE, supports the argument that Homelife should distribute salary surveys before establishing new pay rates?
◦ A wage curve needs to be established by Homelife for the purpose of federal compliance.
◦ Computerized job evaluation systems will be used by Homelife to generate questionnaires.
◦ Homelife executives plan to use the compensable factors emphasized by the Equal Pay Act.
◦ Homelife executives want to identify benchmark jobs before determining the worth of other jobs.
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