Which of the following refers to the extent to which the compensation of any individual in an organization is formally made available to other individuals?

A) Wage and salary administration
B) Pay secrecy
C) Pay inversion
D) Pay compression

Pay Secrecy

Policies or practices that discourage or prohibit employees from discussing their salaries with co-workers.

Wage and Salary Administration

The process of organizing and managing employee compensation based on job roles, experience, and performance.

Pay Inversion

A situation where a more junior employee ends up making more money than their more senior counterparts, often due to market rate changes or hiring practices.