After the Pay Practices of Other Companies Have Been Identified

question 84

Multiple Choice

After the pay practices of other companies have been identified using a salary survey, an organization sets a ____ stipulating how well it will pay its employees relative to the market.

• A) pay policy
• B) pay structure
• C) pay range
• D) pay grade

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Definitions:

Attaches

In legal parlance, attaches means to legally seize or take control of property, often in the context of securing a debt or executing a court order.

Equity Of Redemption

The right of a mortgagor to reclaim property by paying off the full amount of the mortgage plus any accrued interest and costs before foreclosure.

Home Equity Loan

A line of credit made available to homeowners based on the value of the property over and above any existing mortgages.

Court Action

Legal proceedings initiated in a court of law where a plaintiff brings a lawsuit against a defendant.