Asked by Cierra Clark on Jul 18, 2024
Verified
Which element establishes an organization's pay structure?
A) pay ranges and pay differentials
B) cost control and equity
C) legal requirements and job descriptions
D) individual salaries of its employees
E) job structure and pay level
Pay Structure
The system of organizing and categorizing salaries and wages within an organization, often based on factors like role, experience, and performance levels.
Pay Ranges
A set of compensation levels that define the minimum and maximum amounts of pay an organization is willing to offer for specific positions or job categories.
Pay Differentials
The variations in pay for different jobs or skills within a company or in different geographical locations.
- Determine and fathom the rules and legislative contexts pertaining to pay arrangements, encompassing policies on comparable worth, incentives for performance, and wage tiers.
Verified Answer
Learning Objectives
- Determine and fathom the rules and legislative contexts pertaining to pay arrangements, encompassing policies on comparable worth, incentives for performance, and wage tiers.
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