What is an adjustment to a pay rate to reflect differences in working conditions or labor markets?

A) bonus
B) pay differential
C) green-circle rate
D) rank-and-file adjustment
E) red-circle rate

Pay Differential

The variation in pay rates not explained by merit or performance, often resulting from factors like location, working hours, or job hazards.

Green-circle Rate

A situation in wage-setting where an employee's pay is below the minimum of the range set for their job class, often due to an anomaly or an exception in the salary structure.

Rank-and-file Adjustment

Changes or modifications made to the conditions or ranks of the general workforce, not the leadership or management.