What Are the Three Stages in Establishing Pay Rates

question 54

Multiple Choice

What are the three stages in establishing pay rates?

• A) Job evaluation, conducting salary surveys, and combining job evaluation and salary survey results
• B) Consulting with industry, determining salaries for executive positions, and deciding on a benefits plan
• C) Pricing of benchmark jobs, collecting data on insurance benefits, and evaluating benefits packages
• D) Collecting data on insurance benefits, creating a salary survey, and hiring external consultants
• E) Collecting data used to price every job in the organization, working with a compensation consultant, and working with a benefits specialist

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Definitions:

Salesperson Recruitment

The process of attracting, selecting, and hiring individuals to fulfill sales roles within an organization, aiming to find those with the potential to generate customer value and achieve sales targets.

Traits and Abilities

Characteristics and skills that define individuals or entities and their capacity to perform tasks or engage in specific behaviors effectively.

Recruitment Campaign

A strategy employed by organizations to attract and hire qualified candidates through various marketing and advertising methods.

Company Sales Force

Comprised of people who are employees of the selling company and are engaged in the selling process.