Final answer:
Stage 3 in establishing pay rates includes combining job evaluations and salary surveys to create a competitive and fair compensation structure.
Step-by-step explanation:
When establishing pay rates, Stage 3 involves combining job evaluation and salary survey data to determine competitive compensation levels. This is a critical step in ensuring employees are paid fairly while also considering the financial interests of the organization. It is crucial to compare job positions internally through job evaluation, which assesses the relative value of jobs within the company, and externally through salary surveys, which provide market-based references for pay. By doing this, organizations can establish a balanced pay structure that is equitable and competitive with the job market.