Which of the following statements is true of compensable factors?
A) They are generally statistically derived.
B) They are the characteristics of a job that a firm values and chooses to pay for.
C) They refer to the factors that are important for setting the two-tier wage system.
D) They describe all aspects of the jobs being evaluated.
E) They are used to ensure equity among employees.

Question

Quizplus · Accepted Answer

Compensable factors are the characteristics of a job that a firm values and chooses to pay for. They are not statistically derived, refer specifically to two-tier wage systems, or describe all aspects of a job being evaluated. While they can be used to ensure equity among employees, that is not their primary purpose.

Which of the Following Statements Is True of Compensable Factors