Asked by Francies Guzman on Jun 27, 2024
Verified
A wage/salary survey indicates:
A) how much employees in a company need to earn in order to meet their financial needs.
B) how much compensation similar firms are paying for jobs that the firms have in common.
C) the proportion of compensation that can be paid through non-financial methods.
D) how satisfied employees are with the compensation they receive from their employers.
E) the differences between the salaries of men and women performing the same jobs.
Wage/Salary Survey
A study that tells a company how much compensation comparable firms are paying for specific jobs that the firms have in common.
- Understand the differences between various compensation structures and their impacts on worker motivation and productivity.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
B
Explanation :
A wage/salary survey typically compares the compensation levels for specific jobs across different organizations, particularly those within the same industry, to understand competitive pay rates.
Learning Objectives
- Understand the differences between various compensation structures and their impacts on worker motivation and productivity.