Internal Alignment May Be Achieved By

question 37

Multiple Choice

Internal alignment may be achieved by:

• A)comparing pay between jobs or skill levels inside a single organization
• B)paying below-market base wages but offering training and rapid promotion
• C)matching competitors' wage rates
• D)compensating employees at above-market rates
• E)creation of cross-functional departments

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Definitions:

CPI

The Consumer Price Index is an indicator that calculates the weighted average price of a selection of consumer goods and services, including food, medical care, and transportation.

Real Wages

The purchasing power of wages, taking into account inflation, reflecting the amount of goods and services that can be bought with the wages earned.

Minimum Wage

The lowest legally allowable pay per hour for workers.

Real Wage Rate

The purchasing power of wages when adjusted for inflation, indicating the quantity of goods and services that can be bought.