Which of the Following Pay Level Models Cuts Down the Number

question 39

Multiple Choice

Which of the following pay level models cuts down the number of pay levels, thus enabling a broader range of pay and more flexibility within each level?

• A) Variable pay system
• B) Management fit model
• C) Delayering and banding process
• D) Going rate model
• E) Pay grading system

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Definitions:

Shareholders

Individuals or entities that own shares in a company, giving them partial ownership and possibly voting rights.

Strategic Fit

The degree to which an organization's strategies align with its external environment and internal capabilities.

Divestiture

Getting rid of a business unit. The reverse of an acquisition.

High Debt

A situation where an individual or organization carries a heavy financial obligation, often measured relative to income or assets, which can lead to increased risk and financial strain.