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Determining value of work is critical to setting pay rates

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Determining the value of work is critical to setting pay rates. After the job analysis and writing the job description, the human resources compensation specialist determines the process to apply to perform the job evaluation and compensation.

Please address the following for setting a final pay range for a position:

-Explain the factors used in job pricing.

-What are compensable factors, and how are they applied in determining pay ranges?

Reference no: EM132882834

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