When using compensation survey data, statistical analyses are used to integrate this with the external market, in order to determine pay rates.

A. internally consistent compensation system

B. market comparison standards

C. generalized work activities

D. intra-organizational job markers

A. There is not enough information to make this determination.

B. The midpoint will be lower than the market average.

C. The midpoint will be the same as the market average.

D. The midpoint will be higher than the market average.

A. internally consistent compensation systems

B. market-competitive pay systems

C. job evaluation compensation systems

D. externally consistent compensation systems

A. market monopolies and lower labor costs

B. market monopolies and company turnover

C. smaller labor markets and strategic outlines

D. technological innovations and increased global competition

A. merit pay

B. retention pay

C. incentive pay

D. pay structures

A. job summary

B. job context

C. job content

D. job structure

A. Pay rates should mirror pay rate differences among the competition.

B. Jobs that require higher qualifications should be paid more than jobs that require lower qualifications.

C. All jobs should be valued according to neeD.

D. All jobs should be valued equally because every job directly contributes to competitive advantage