The relationship between job value as determined by job evaluation points and job value as determined by pay survey rates is shown by a _____.
A) market grade
B) market band
C) market line
D) market scale

Question

Quizplus · Accepted Answer

The relationship between job value as determined by job evaluation points and job value as determined by pay survey rates is shown by a market line. A market line is a graphical representation of the relationship between job evaluation points and pay survey rates for a particular job in the labor market. It helps to determine whether a particular job is overpaid or underpaid relative to the market. A market grade is a grouping of jobs based on their worth to the organization, a market band is a range of pay rates for a particular job, and a market scale is a series of grades and steps used to determine pay for a range of jobs within an organization. None of these concepts directly represent the relationship between job value and pay survey rates.

The Relationship Between Job Value as Determined by Job Evaluation