By far,the most common method used for establishing a pay policy is to match whatever the competition has.

Name: By far,the most common method used for establishing a pay policy is to match whatever the competition has.
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Quizplus · Accepted Answer

Matching the pay scale with the competition is a popular and widely used method for establishing a pay policy. This is known as a market-based approach. However, there are other methods as well, such as job evaluation and skill-based pay.

By Far,the Most Common Method Used for Establishing a Pay