The Compa-Ratio Reflects the _____

question 41

Multiple Choice

The compa-ratio reflects the _____.

• A) rate paid for satisfactory performance
• B) relationship of actual salaries to the midpoint of the going rates in the market
• C) relationship of the midpoint of each range to actual salaries
• D) relationship of actual salaries in each range to the midpoint of the range

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Definitions:

Performance Pay

A compensation strategy that ties an employee's pay directly to their performance and achievements within the organization.

Compensation System

A structured plan designed by an organization to pay its employees, including wages, salaries, benefits, and bonuses.

Total Rewards Approach

A strategy that encompasses all forms of compensation, including salary, benefits, recognition, and development opportunities, to motivate and retain employees.

Compensation System

An organized approach used by employers to determine the value and pay structure for different positions within the organization.