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What are the steps to design a point factor pay structure?

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What are the steps to design a point factor pay structure?

A.

Conduct job analysis, assign point values, and develop pay ranges

B.

Determine market competitiveness, set pay grades, and establish pay differentials

C.

Administer salary surveys, calculate pay compression, and adjust for cost of living

D.

Evaluate job content, match jobs to market data, and establish job classifications

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