What are the differences between pay grades and pay ranges?
What will be an ideal response?
Answer: Pay grades group jobs for pay policy application. Compensation professionals group jobs into pay grades based on similar compensable factors and job value. In other words, pay grades represent the horizontal dimension of pay structures. Pay ranges build upon pay grades by denoting the acceptable lower and upper bounds of pay for the jobs within particular pay grades. Pay ranges represent the vertical dimension of pay structures.
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What is the biggest difficulty in managing cash flows?
a. Reconciling bank statements b. Preparing budgets c. Juggling the timing of what's coming in versus what's going out d. Falling into the growth trap
Based on the strategy-culture matrix model of change, when the strategic change is important to the company but the changes are incompatible with an entrenched corporate culture, management must push the change forward forcefully for the good of the
company. Indicate whether the statement is true or false