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What are the advantages of pay grades and ranges

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1) Pay grades and ranges are necessary for administering compensation plans: What are the advantages of pay grades and ranges?

2) The base salary of an individual is $22,500 and the mid-point of the pay range is $25,000. Find out the individual compa ratio and interpret its value. How do compa ratios help in pay administration regulation?

Reference no: EM133096479

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