Answer the following statement(s) true (T) or false (F)
1. The factor comparison method of job evaluation combines the job ranking and point-factor methods.
2. A pay structure is a hierarchy of jobs and their rates of pay within the organization.
3. In compensation, a pay structure is the maximum, minimum, and midpoint of pay for a certain group
4. Broadbanding is the process of changing the company structure to get rid of some of the vertical hierarchy (reporting levels) in an organization.
5. Delayering is the process of combining multiple pay levels into one.
1. True
2. True
3. False
4. False
5. False
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Answer the following statement true (T) or false (F)