Describe the steps involved in market pricing.

What will be an ideal response?


Market pricing approach sets pay structures by relying almost exclusively on rates paid by competitors in the external market. Organizations that fill a large proportion of their job vacancies with hires from the outside may also become market pricers. Market pricers match a large percentage of their jobs with market data and collect as much market data as possible. They rank to market to determine the pay for jobs unique to their firms. The competitive rates for positions for which external market data are available are first calculated, then the remaining (non-benchmark) jobs are blended into the pay hierarchy created, based on external rates. These are immediately followed by labour market analysis and market pricing for as many jobs as possible. After that, the remaining jobs are blended in and the internal job relationships are reviewed to be sure they are "reasonable in light of organization workflow and other uniqueness." The final step is pricing those jobs not priced directly in the market. This is done by comparing the value of these jobs to the jobs already priced in the market

Business

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A statement of opinion may form the basis for fraud

Indicate whether the statement is true or false

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The NLRB does not look to the degree of control and direction exercised by the firm over the worker to determine whether the worker is an employee or an independent contractor

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

1. The value of health, accident, and disability insurance premiums paid by an employer are generally not included in an employee's gross income. 2. Mattie has group term life insurance coverage of $120,000 provided by her employer on a nondiscriminatory basis. She must include premiums for $120,000 of coverage in gross income, determined by using IRS tables. 3. "Working condition fringe benefits," such as memberships in professional organizations paid for by the employer, are generally excluded from the employee's gross income. 4. Nondiscrimination requirements do not apply to working condition fringe benefits. 5. The exclusion for employee discounts on services is limited to 30% of the price charged regular customers.

Business

A portfolio consists of Stocks A and B and has an expected return of 11.6 percent. Stock A has an expected return of 17.8 percent while Stock B is expected to return 8.4 percent. What is the portfolio weight of Stock A?

A) 29.87 percent B) 61.98 percent C) 32.58 percent D) 34.04 percent E) 67.42 percent

Business