Choose the correct statement$($s$)$ about constructing pay structures:

Multiple Choice

A market pay line is adjusted in order to construct a pay policy line.

The midpoint is where the pay policy line crosses the center of each pay grade $+$ With broadbanding, the concept of shadow ranges is introduced and band range spreads are much larger $+$ A market pay line is adjusted in order to construct a pay policy line.

All of the options

The minimum and maximum levels in a pay grade are established by taking the lowest and highest market rates for a benchmark job, and then running a regression analysis using the lowest$/$highest job evaluation points in that grade.

The midpoint is where the pay policy line crosses the center of each pay grade

With broadbanding, the concept of shadow ranges is introduced and band range spreads are much larger.