In developing a wage curve, what are market wage rates plotted against?
A) market survey data
B) employee benefits
C) the size of a firm
D) the point value of jobs

Question

Quizplus · Accepted Answer

Market wage rates are plotted against the point value of jobs in developing a wage curve. The point value of jobs is determined by a job evaluation system that takes into account factors such as skill, effort, responsibility, and working conditions. Plotted against market wage rates, the wage curve shows where a company's pay rates fall in relation to the external labor market.

In Developing a Wage Curve, What Are Market Wage Rates