Which of the following is true of a pay adjustment matrix?
A) It reflects an employee's horizontal movement in an organization.
B) It is used to determine the compensation benchmark for a particular industry.
C) It is used to determine the compensation benchmark for a particular organization.
D) It reflects an employee's vertical movement in an organization.

Question

Quizplus · Accepted Answer

A pay adjustment matrix reflects an employee's vertical movement in an organization, specifically the progression of an employee's salary as they move up in the hierarchy of the organization. It typically includes salary ranges for various job levels or grades and outlines the criteria for moving from one level to the next. It is not used to determine compensation benchmarks for industries or organizations as a whole.

Which of the Following Is True of a Pay Adjustment