Base pay is a person's regular salary. Base pay differs from variable pay. Base pay is based on:
A) internal equity job evaluation) and external equity market data).
B) the number of people applying for the position, and how quickly the position needs to be filled.
C) government-determined diversity quotas, and the tax credits available to the employer.
D) the familiarity with a candidate's professional reputation, and the size of the candidate's network of social connections.

Question

Quizplus · Accepted Answer

Base pay is typically determined through a combination of internal equity job evaluation and external equity market data. Internal equity job evaluation involves assessing the relative value of a position within an organization, while external equity market data involves analyzing market trends and compensation for similar jobs in the industry. This helps to ensure that employees are paid fairly and competitively.

B, C, and D are not correct because they do not accurately describe how base pay is typically determined.

Base Pay Is a Person's Regular Salary