Which of the following questions is most relevant to developing a market-competitive pay system?
A)What is the ranking of each job?
B)What is the relevant labor market?
C)What percentage of workers are contingent?
D)What are the local and federal pay regulations?

Question

Quizplus · Accepted Answer

B)With a market-competitive pay system, the employer's actual pay rates are competitive with those in the relevant labor markets. Rankings are more relevant to the job evaluation method of setting pay rates.

Which of the Following Questions Is Most Relevant to Developing