Which of the Following Is a Feature of Above-Market Wages?​

question 81

Multiple Choice

Which of the following is a feature of above-market wages?​

• A)They attract under qualified job applicants.
• B)​They decrease the rate of job acceptance.
• C)They increase the time it takes to fill positions.
• D)​They attract a very small pool of job applicants.
• E)​​They increase the time that employees stay.

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Definitions:

Key Jobs

Positions that are critical for the operation and success of a business due to their unique responsibilities or specialized skill requirements.

Pay Grade

A level or step within a compensation system that determines the pay range for employees based on their job role, skills, or experience.

Setting of Wages

The determination of how much compensation employees receive for their labor, influenced by factors such as skill level, industry standards, and economic conditions.

Job Evaluation

A systematic process for determining the value and rank of a job in an organization relative to other jobs.