Asked by Jared Jacobson on Jul 22, 2024
Verified
Which description best defines an organization's job structure?
A) It consists of the relative pay for different jobs within the organization.
B) It is the average amount an organization pays for a particular job.
C) It comprises the characteristics of jobs that the organization values and chooses to pay.
D) It comprises regular pay, overtime pay, and bonuses.
E) It refers to the standard amount that employers must pay under federal and state law.
Job Structure
An organizational outline that defines each job's relative value and pay within the company, often based on job evaluation.
Relative Pay
The comparison of an individual's wage or salary to those of other workers within the same organization, industry, or geographical area.
Organization
A structured group of people working together to achieve common goals, guided by established regulations and operating procedures.
- Ascertain and grasp the guidelines and judicial surroundings enveloping wage schemes, including equity in compensation policy, reward for merit, and payment standards.
Verified Answer
Learning Objectives
- Ascertain and grasp the guidelines and judicial surroundings enveloping wage schemes, including equity in compensation policy, reward for merit, and payment standards.
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