Which is the fundamental principle of internally consistent compensation systems?
A)Pay rates should mirror pay rate differences among the competition.
B)Jobs that require higher qualifications should be paid more than jobs that require lower qualifications.
C)All jobs should be valued equally because every job directly contributes to competitive advantage.
D)All jobs should be valued according to need.

Question

Quizplus · Accepted Answer

The fundamental principle of internally consistent compensation systems is that jobs that require higher qualifications should be paid more than jobs that require lower qualifications. This ensures that employees are rewarded based on their skills and knowledge, and helps to create a fair and equitable pay structure within an organization.

Which Is the Fundamental Principle of Internally Consistent Compensation Systems