Question

A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provide information on the market pay level for a given job evaluation. reflects the pay structure in the market, which always matches rates in the organization. requires market-pay-rate data on all jobs in the organization. shows the mathematical relationship between the minimum pay and the maximum pay in an organization.

Answer 1

Answer:

A pay policy line reflects the pay structure in the market, which always matches rates in the organization.

Explanation:

A pay policy line is the salary level and organization chooses to pay its employees compared to the standard salary level in the market.

Organizations would prefer not to overpay or underpay their employees. Therefore they consider the standard pay structure of the market and match the amount they pay their employees to this structure.