Asked by Micaila Reinschild on Jul 01, 2024
Verified
Which of the following is an indicator of how the salary of an employee relates to the midpoint of the relevant pay grade?
A) wage compression
B) red-circled rate
C) the compa-ratio
D) rate range
E) green-circled rate
Compa-Ratio
A metric used in human resource management to compare the salary of an individual to the midpoint of a salary range for their position or job classification.
Pay Grade
A step or level within an organization's pay structure that determines the range of pay rates for employees based on the complexity, responsibility, and skills needed for their jobs.
Midpoint
In human resources, it often refers to the middle value in a salary range for a particular position, serving as a benchmark for compensation levels.
- Grasp the concept of pay grades, including how employee salaries relate to pay grade midpoints and rate anomalies.
Verified Answer
Learning Objectives
- Grasp the concept of pay grades, including how employee salaries relate to pay grade midpoints and rate anomalies.
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