Business

Question

A __________ is a set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job or a job within a particular pay grade, whereas a __________ is a set of jobs having similar worth or content, grouped together to establish rates of pay.

1 Answer

  • A pay range is a set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job or a job within a particular pay grade, whereas a pay grades is a set of jobs having similar worth or content, grouped together to establish rates of pay.
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