In setting pay rates for key jobs using the pay policy line approach,actual market rates will give the most accurate information instead of market survey data.

Question

Quizplus · Accepted Answer

Market survey data is used in the pay policy line approach to understand the broader market trends and set competitive pay rates, rather than relying solely on the actual market rates of key jobs, which might not reflect the overall market conditions.

In Setting Pay Rates for Key Jobs Using the Pay