Question

A business owner groups workers by Job content and then decides salaries for each kind of job. This is called a

Answer 1

Answer:

wage structure

Explanation:

Wage structure is the term used when all positions are comprehensively classified in their salary tables, usually divided by occupational groups with defined salary ranges and salary levels. Occupational groups group positions whose requirements and salaries are identical or very close.

The objectives of the wage structure are:

• Ensure internal balance: Ensure adequate internal harmony of positions and salaries within the organization.
• Ensure external balance: Use Salary Survey as provider of external harmony of positions and salaries within the organization.
• Establish criteria and methods for the construction of the Job and Salary Structure, norms and procedures for salary administration.
• Job and Salary Policy: Establish criteria, rules and procedures for salary administration.

Answer 2

Answer:

The answer is "wage structure."

Explanation:

Wage structure is a hierarchy system applied by a company to set the amount each level of employment is paid and the benefits each will be entitled to.