If,for a particular job class,the average hourly wage rate is $13,but a less average employee can be paid $11 and an exceptional employee $15,then this is an example compensation policy utilizing __________ within job classes.
A)flat rates
B)disbursed rates
C)modified rates
D)rate ranges
E)employee non-evaluated rates

Question

Quizplus · Accepted Answer

This is an example of a compensation policy utilizing rate ranges within job classes, where there is a range of pay for a particular job class instead of a single flat rate. The range in this case is from $11 to $15, with the average rate being $13. This allows for flexibility in determining employee pay based on their level of performance or experience, while still maintaining a clear range of acceptable pay rates for the job class.

If,for a Particular Job Class,the Average Hourly Wage Rate Is