Compensation professionals integrate the internal job structure with the external market pay rates identified through compensation surveys,and this integration reveals which of the following?
A)pay rates that reflect both the company's and the external market's valuations of jobs
B)changes in wages and salaries over time
C)changes in employee benefits over time
D)changes in labor costs between geographic locations

Question

Quizplus · Accepted Answer

Integrating the internal job structure with external market pay rates allows compensation professionals to identify pay rates that reflect both the company's and the external market's valuations of jobs. This helps in ensuring that the company's pay structure is competitive and attractive to both current and potential employees. Changes in wages and salaries, employee benefits, and labor costs between geographic locations also affect compensation decisions, but they are not the primary focus of this integration process.

Compensation Professionals Integrate the Internal Job Structure with the External