Factors that establish how the jobs compare to one another and set the pay for each job are called ________ factors.

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24-08-2022
Social Studies

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Factors that establish how the jobs compare to one another and set the pay for each job are called ________ factors.

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qwseagreen qwseagreen · Answer 1 · 2022-09-03T15:31:00+02:00

Factors that establish how the jobs compare to one another and set the pay for each job are called compensable factors. Compensable factors assist employers to remunerate employees fairly based on their excellence and responsibilities.

A compensable factor is a value or quality that employers use to decide how much to pay an employee. Compensable factors for sales employees could be the dollar value of new account registrations, agreement extensions, and upselling activities, as well as experience, education, and tenure. The greater the employee’s experience, stability, and responsibilities, the more value they (commonly) create for the business. Here are some compensable factors typically used by businesses: 1. Experience 2. Complexity 3. Status of education 4. Kind of supervision needed 5. Influence of errors 6. Fiscal accountability 7. Confidentiality 8. Mental and physical demands 9. Responsibility 10. Number of Employees Supervised.

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