Pay structures are developed based on which of the following?
A) Legal requirements.
B) Market forces.
C) Organization's goals.
D) Legal requirements,"market forces," and "organization's goals."
E) Market forces and "organization's goals" only.

Question

Quizplus · Accepted Answer

Pay structures are developed based on legal requirements such as minimum wage laws, market forces such as supply and demand for certain skills and roles, and the organization's goals such as attracting and retaining talent, maintaining competitiveness, and managing costs. Therefore, the best answer is D, as all three factors play a crucial role in the development of pay structures.

Pay Structures Are Developed Based on Which of the Following