Asked by Alycia Eskew on Apr 28, 2024
Verified
The following are hypothetical points provided to the following jobs: ∙ heavy-duty mechanic: 900
∙ human resource specialist: 900
∙ technician: 900
The organization sees these positions as having equal value from a base pay perspective; hence,there is no difference in pay.What term best describes the grouping of these jobs?
A) pay grade
B) range tightness
C) pay range
D) pay structure
Pay Grade
A step or level within an organization’s pay structure that defines the pay scale for job positions according to their responsibility, skill level, and job characteristics.
Pay Structure
The organization of different levels of pay for different jobs within a company, reflecting factors such as skill, seniority, and performance.
- Comprehend the concepts of pay structures, pay grades, and how jobs are grouped and evaluated for compensation purposes.
Verified Answer
BC
Brynn ChaseApr 30, 2024
Final Answer :
A
Explanation :
A pay grade is a grouping of jobs that are considered to be of equal worth or value within an organization. In this scenario, the heavy-duty mechanic, human resource specialist, and technician are considered to be of equal value, and therefore would be grouped together in the same pay grade. Pay grades are often used as a basis for determining salary ranges and compensation structures within an organization.
Learning Objectives
- Comprehend the concepts of pay structures, pay grades, and how jobs are grouped and evaluated for compensation purposes.