In pricing jobs,the appropriate pay level for any job reflects:
A)the job's relative worth only
B)the job's absolute worth only
C)the intrinsic value of the employee occupying the job
D)what a manager determines to be appropriate
E)both the job's relative and absolute worth

Question

Quizplus · Accepted Answer

The appropriate pay level for any job reflects both the job's relative worth (in comparison to other jobs within the organization) and its absolute worth (in comparison to similar jobs in the external labor market). In order to determine pay levels, organizations usually conduct job evaluations to assess the relative worth of different jobs, and then use pay surveys to benchmark their pay levels against those of similar jobs in the external labor market. The intrinsic value of the employee occupying the job is not a factor in determining pay levels, as pay should be based on the job itself, rather than the individual employee. Similarly, while a manager's input may be considered, pay levels should not be based solely on their determination of what is appropriate, as this may be subjective and lead to pay inequities.

In Pricing Jobs,the Appropriate Pay Level for Any Job Reflects