Compa-Ratio

question 97

Multiple Choice

Compa-ratio

• A) is defined as the ratio of average pay to the midpoint of the pay range.
• B) is defined as the ratio of the average pay for the grade divided by the minimum pay for the grade.
• C) can range from 0 to 100 percent.
• D) uses data from market-pay surveys.
• E) measures the degree to which new skills learnt are consistent with the increases in pay.

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Definitions:

Decision-Making Process

A series of steps a person or organization takes to come to a conclusion and take action, from identifying a problem to evaluating the outcomes of the chosen solution.

Clarify

To make a statement or situation less confused and more comprehensible.

Criterion

A standard or rule by which something can be judged or decided.

Timely Information

Information received or provided at an appropriate time to influence decision-making.