The HR Manager of a Company Thinks That They Have

question 18

Multiple Choice

The HR manager of a company thinks that they have too many narrow pay grades within the organization.By getting the support from upper management,the manager decided to consolidate existing pay grades and ranges into fewer pay grades and broader pay ranges in order to create a flatter organization in terms of compensation.This is an example of which pay structure variation?

• A)broadbanding
• B)two-tier pay system
• C)pay compression
• D)multiple-tier pay system

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Definitions:

Discrimination

The unfair or biased treatment towards various groups of individuals, particularly based on their race, age, or gender.

Compensating Differentials

Wage differentials that arise to compensate workers for the desirability or undesirability of a job, its demands, or other non-monetary aspects.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.

Equilibrium Wage

The compensation level at which labor supply meets labor demand.