Comp. Ch: 5

three

Research shows that _____ factor(s) account(s) for 98 to 99 percent of the variance in job evaluation plans.

90

Research shows that skills, one of the compensable factors, accounts for _____ percent or more of the variance in job evaluation results.

point

The _____ method of job evaluation is the most commonly used method in the United States and Europe.

point

The _____ method of job evaluation uses compensable factors.

external market value

The exchange value of a job is its _____.

Develop online software support

The final step in designing a point plan involves _____.

Employers rarely evaluate all jobs in the organization at one time; Many employers design different evaluation plans for different types of work; typically, a related group of jobs is used for evaluation.

Which of the following is NOT false of the usage of multiple plans versus single job evaluation plans?

A single universal plan is acceptable to employees if the work covered is highly diverse.

Which of the following is NOT true of the usage of multiple plans versus single job evaluation plans?

1. Establishing the purpose of the plan; 2. Decide on single vs. multiple plans; 3. Choose among alternative methods; 4. Obtain involvement of relevant stakeholders; 5. Evaluate the usefulness of the results

Which of the following is a major decision in job evaluation?

Policy capturing

When a statistical process is used to duplicate an existing pay structure, it is called:

Classificiation

A job description is compared to class descriptions in the _____ of job evaluation.

Market pricing

According to a World atWork survey, the primary method of job evaluation is _____.

rankings are easy to defend and justify

All of the following are advantages of the ranking method of job evaluation EXCEPT that:

the evaluation process is fast, inexpensive, and not complex

All of the following are advantages of the ranking method of job evaluation:

benchmark factor classes

Common characteristics of the point method include all of the following EXCEPT:

numerically scaled factor degrees, factor weights, compensable factors.

Common characteristics of the point method include all of the following:

job description >> Job evaluation>>Job structure

In the context of internal alignment, which of the following is the correct sequence?

Compensable factors

In the context of the point method of job evaluation, _____ are those characteristics in the work that an organization values; that help it pursue its strategy and achieve its objectives.

Develop online software support.

In the point method, the eight step in designing a plan is to:

Select criterion pay structure

In the point method, the fifth step in designing a plan is to:

Conduct job analysis

In the point method, the first step in designing a plan is to:

Weight the factors according to importance

In the point method, the fourth step in designing a plan is to:

Determine compensable factors

In the point method, the second step in designing a plan is to:

Apply to non-benchmark jobs

In the point method, the seventh step in designing a plan is to:

Communicate the plan and train users

In the point method, the sixth step in designing a plan is to:

Scale the factors

In the point method, the third step in designing a plan is to:

Which of the following is the underlying assumption in the assessment of job content?

Intrinsic value outside external market

classification

The job evaluation method that most resembles a bookcase with many shelves is:

Hay Plan

The most widely used point method job evaluation is the:

It can become bureaucratic and rule-based

Which of the following is a disadvantage of the point method?

4-8

Most factor scales have _____ degrees.

Alternation-ranking method

Which of the following methods requires evaluators to agree on which jobs are the most and least valuable, then the next most and least valued, and so on until all the jobs have been ordered?

It is developed using benchmark jobs and then applied to non-benchmark jobs.

Which of the following statements is true of a job evaluation plan?

Compensation managers

_____ are more likely to conduct job evaluations of senior management jobs.

Job evaluation

_____ is the process of systematically determining the relative worth of jobs for the purpose of creating an organization's job structure.