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Refer to the information provided in Table 30.1 below to answer the question(s) that follow.
Table 30.1
-Refer to Table 30.1. What is the real wage rate in 2016 using 2015 as the base year?
Job-Comparison Chart
A methodical tool utilized for the evaluation and comparison of job roles based upon various metrics and benchmarks.
Nonmandated Benefits
Refers to the voluntary provision of benefits by employers, such as dental insurance, retirement plans, and paid time off, that are not required by law.
Perquisite
A benefit or privilege granted to an employee in addition to their regular salary or wages, often referred to as a "perk."
Point System
The point system for job evaluation requires managers to quantify, in objective terms, the value of the various elements of specific jobs.
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