You Need to Attract Competent Employees and Are More Concerned

question 14

Multiple Choice

You need to attract competent employees and are more concerned with external competitiveness than internal alignment.Which is the best method for you to use to determine base pay?

• A) Job evaluation
• B) Person-based pay
• C) Competency-based pay
• D) Market pricing

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Definitions:

Log Transformation

A mathematical operation that replaces a variable with the logarithm of that variable to help normalize data or manage skewed distributions.

Arcsin Transformation

A data transformation technique used to stabilize the variance when the data follow a binomial distribution.

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual to a particular group or nominal category.

Quantitative Variable

A type of variable that represents measurable quantities and can be expressed in numeric values.