An advantage of market pricing is that it has high face validity with employees and seems to be more objective than traditional job evaluation methods.

Question

Quizplus · Accepted Answer

Market pricing involves determining the value of a job by comparing its pay to what similar jobs are paying in the external labor market. This method is perceived as fair and objective by employees as it is based on market rates rather than subjective evaluations. Additionally, market pricing provides a more accurate reflection of the value of a job as compared to traditional job evaluation methods which rely on job analysis and internal comparison. Therefore, the statement is true.

An Advantage of Market Pricing Is That It Has High