Many Organizations Group Jobs into Sets of Jobs Having Similar

question 16

Multiple Choice

Many organizations group jobs into sets of jobs having similar worth or content called:

• A) pay grades.
• B) hourly rates.
• C) pay policy groups.
• D) pay ranges.
• E) broadbands.

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Definitions:

Scope of Operations

The range or extent of the activities and processes that a business or organization engages in or plans to undertake.

Global Sourcing

The practice of sourcing goods and services from the global market to take advantage of global efficiencies, such as lower cost or higher quality.

Dependable Service

A reliable and trustworthy service that consistently meets its promised criteria and customer expectations.

Near Shoring

The practice of transferring a company's business or production processes to neighboring or nearby countries to reduce costs and improve logistics.