The First Step in Setting Competitive Pay and Designing a Pay

question 33

Multiple Choice

The first step in setting competitive pay and designing a pay structure is to _____.

• A)specify a pay-level policy
• B)conduct a job evaluation
• C)draw policy lines
• D)specify the relevant market

---

Definitions:

Role Ambiguity

Refers to a situation where an individual lacks clear information or understanding about their job responsibilities, expectations, or the scope of their role.

Network Structure

Describes the arrangement of nodes (individuals, organizations) and the connections between them within a network, influencing information flow and collaboration.

Satellite Organizations

Entities that operate apart yet are connected to a larger parent organization, often providing supplementary support or services.

Core Firm

A core firm is the central, dominant company in a business network or supply chain that plays a pivotal role in determining operational standards, practices, and dynamics.