What is a set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job?

A) pay grade
B) pay range
C) pay differential
D) compa-ratio
E) compensation differential

Pay Range

A set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job or a job within a particular pay grade.

Minimum Pay

The lowest legal salary that an employer can pay to an employee.

Maximum Pay

The highest salary or wage rate that an employee can earn in a specific job or position.