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The three factors usually used to determine therelevant labor markets are the occupation,geography, and competitors. TRUE OR FALSETRUECombat pay premiums paid to military personnel tooffset some of the risk of being fired upon is anexample of a lead pay-level policy. Research shows that a lead pay strategy reducesturnover.The first step in setting competitive pay anddesigning a pay structure is to _____.
The second major decision in pay-level determinationis to _____. BA. specify relevant markets B. define the purpose of a survey C. design and conduct a survey D. select product and labor market competitorsThe final major decision in pay-level determination isto _____. Which of the following is true regarding theEmployment Cost Index (ECI)? Which of the following jobs would most likely fall intoa fuzzy market? In most organizations, the responsibility for managinga pay survey lies with _____. DA. top management B. the facility or plant manager C. outside consultants D. the compensation manager
The _____ publishes extensive information on variousoccupations in different geographic areas. It is amajor source of publicly available compensation data.