Exam 11: Strategic Pay Plans

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A wage survey that pertains to members of associations might involve

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A

Unions tend to believe that no one can judge the relative worth of jobs better than

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E

Job evaluation is a technique used to determine

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In establishing pay rates, an employer should conduct a salary survey for the purpose of

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Employers usually survey other firms to see if they are paying comparable pay for comparable jobs.

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Rate ranges are a series of steps or levels of pay within a pay grade, usually based upon

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Jeffrey is the newly hired HR professional who is responsible for evaluating compensation practices at the company.To determine if there are issues with internal equity, he has chosen to conduct a job evaluation according to the method popularized by the Hay consulting firm.Which of the following are the compensable factors he uses to evaluate jobs?

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In most cases, the union's position is that it =accepts job evaluation only as an initial decision technique and reserves the right to appeal the actual job-pricing decisions through grievances or bargaining channels.

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The Employment Insurance Act provides unemployment benefits varying by region and other factors for up to ________ weeks.

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The job evaluation method in which a number of compensable factors are identified, and then the degree to which each of these factors is present on the job is determined, is the

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Most of the pay equity acts in Canada focus on four compensable factors-skill, effort, responsibility, and working conditions.

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Executive compensation tends to emphasize ________ more than for other employees' pay plans.

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The graphic description of the relationship between the value of the job and the average wage paid for this job is called a

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The rate range is usually built around the

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Identify the four major compensable factors used in most point method job evaluation plans and identify and describe two sub-factors that might be used for each of the four major compensable factors.

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Identify and briefly describe the five components of total rewards.

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The job classification method of job evaluation is a widely used method in which jobs are categorized into

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There may be more opportunities for advancement with skill-based pay plans than with job-based pay plans because of

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Assigning pay rates to each pay grade (or to each job)is usually accomplished with a

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The type of job evaluation method where the groups are called classes if they contain similar jobs is called the

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