Exam 9: Managing Compensation

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The point system of job evaluation permits jobs to be evaluated quantitatively based on compensable factors.

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ABC Corporation uses a job evaluation system that links the value of jobs directly with the goals of the organization.Which job evaluation system is most likely being used by ABC Corporation?

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Labour market conditions have little impact on wage rates paid to employees.

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How are the wages for jobs typically determined? Why is this process important?

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Which of the following terms is also used to describe competency-based pay?

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When an employer operates in more than one province,it has to apply only the employment requirements of one province of its choosing.

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Accounting clerks,pay clerks,and junior secretaries are all classed in Grade 2 at Metroland Inc.Which of the following should apply to all these jobs?

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The use of job evaluation is widespread in the private sector but is rarely used in the public sector.

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Organizations may dodge the comparable worth issue by using one job evaluation system for clerical jobs frequently held by women,and another system for other jobs.

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Crystal Ball Inc.is a large information technology firm with many levels of management.The company would like to compensate its managers on factors such as knowledge and accountability.Which system would you recommend?

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What types of jobs are usually evaluated using the Hay profile method?

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Explain competency-based pay,including its advantages and disadvantages.Include in your discussion the practice of broadbanding.

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Sarah,Tariq,and Tatiana's compensation packages are calculated and paid on the basis of weekly,biweekly,or monthly periods,respectively.How would you classify these employees?

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XYZ Company wants to pay its employees based on their skills that are valued by the company.Which of the following would it most likely use?

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What do we call jobs that are selected to be included in salary surveys?

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Which of the following is the simplest job evaluation system?

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Competence-based pay systems compensate employees for the different skills or knowledge they possess rather than for the job they hold in a designated job category.

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Broadbands create more concern by employees with pay grades and steps.

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The Hay profile method is useful for evaluating jobs of all types and levels.

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Briefly explain the different job evaluation systems.

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