When an Organization Is Using Concentration Strategy,it Will

question 81

Multiple Choice

When an organization is using concentration strategy,it will

• A)have short-run pay levels below the market.
• B)have a long-term orientation.
• C)make centralized pay decisions.
• D)maintain high variable pay levels.
• E)have benefit levels below the market.

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Definitions:

Scientific Process

A methodical and empirical approach to research and investigation characterized by systematic experimentation, observation, and analysis.

Internal Equity

The fairness in pay levels for employees within the same organization, ensuring that compensation is consistent with the value of different roles.

Reliability

The degree to which an assessment, measurement, or process consistently produces the same results under the same conditions.

Job Evaluation System

A method used by organizations to determine the value of a job in relation to other jobs within the organization, often influencing pay and grade.