Asked by
Nitish Mehta
on Oct 16, 2024
Verified
The pay policy line is used to establish which pay structure component?
A) midpoint of the pay range
B) range spreads
C) overlaps between ranges
D) pay grade size
Pay Policy Line
A guideline used by organizations to determine the appropriate level of compensation for employees based on their position and job characteristics.
Pay Structure
The organization and hierarchy of different levels of pay within a company, including pay ranges, grades, and progressions.
- Understand the principles of compensation frameworks, salary levels, and the methodologies for grouping and assessing positions for the purpose of determining pay.
Verified Answer
YO
Learning Objectives
- Understand the principles of compensation frameworks, salary levels, and the methodologies for grouping and assessing positions for the purpose of determining pay.