The HR Manager of a Company Thinks That They Have

question 2

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,they 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:

Permanent Fund

A fund established by a government or organization meant to provide a permanent source of income.

Endowed Gift

A donation made to an institution with the stipulation that the principal is kept intact and only the investment income is used.

Current Financial Resources

Assets that are expected to be used or turned into cash within one year, providing insight into a company's short-term financial health.

Expenditures

Outflows of money or other valuables, typically categorized as either capital expenditures (CapEx) or operating expenses (OpEx).