The major challenge of market pricing matching is which of the following?

A) the process is complex
B) its accuracy has been questioned
C) prevailing wage rates can distort how much some jobs need to be paid
D) job descriptions using the same title can be considerably different
E) unions are able to use their power to influence wage rates

Market Pricing

The act of determining the value and appropriate pay level for job positions within an organization based on external market data, including salaries and wages offered by competitors.

Prevailing Wage Rates

Standardized wage levels determined by regulatory bodies for certain job categories within specific regions, often used to ensure fair compensation.