After ensuring external and internal equity, the next step in establishing pay rates is?
Correct answer: C. group similar jobs
- A. fine tune pay rates
- B. price each pay grade
- C. group similar jobs
- D. determining the worth of each job
Explanation
Once jobs have been evaluated for internal and external equity, similar jobs are grouped into pay grades before each grade is assigned a market price. Fine-tuning comes later, after the grades have been priced.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
Practise Human Resource Management
858 free Human Resource Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Human Resource Management questions
The techniques which allow employer for flexible labor stance is?
The total profit and rate of return is classified as?
'Microsoft' pays new programmers for learning Windows particulars, classified as?
The work experience and field of study are included in?
The approaches used to compare jobs are?
The ranking of job, based on difficulty is?