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What is the purpose of establishing pay ranges

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Reference no: EM132091066

Answer the following question :

Fully answer the assigned questions in narrative, third person format. The paper consist of 800 WORDS. Also, include at least two (2) academic sources in your responses. Paper must be completed in APA format.

1. Distinguish between the following job evaluation methods:

a. Ranking

b. Classification

c. Factor comparison

d. Point method

2. Describe the various factors relating to the employee in determining pay and benefits.

3. What are some company-wide team-based pay plans?

4. What is the purpose of establishing pay ranges?

Reference no: EM132091066

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