_____ refer to the pay variances between job levels in an organization.Question 7Answera.Differentialsb.Anomaliesc.Earmarksd.Job benchmarkse.Factor levels
Question
_____ refer to the pay variances between job levels in an organization.
Question 7
Answer
a. Differentials
b. Anomalies
c. Earmarks
d. Job benchmarks
e. Factor levels
Solution
The correct answer to the question regarding the pay variances between job levels in an organization is:
a. Differentials
Explanation: Pay differentials refer to the variations in compensation that exist between different job levels within an organization. These variations can be due to several factors, including the responsibilities and requirements of each job, market demand for specific roles, and the overall compensation strategy of the organization. Differentials ensure that positions that require more skill, experience, or responsibility are compensated accordingly.
Understanding pay differentials is essential in creating an equitable pay structure that helps retain talent and motivates employees to grow within the organization. Other options, such as anomalies, earmarks, job benchmarks, and factor levels, do not specifically address the concept of pay variances between job levels. Thus, "differentials" is the most suitable answer in this context.
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