Compensation

A major decision in job evaluation is to:

choose among alternative approaches.

Most factor scales have ________ degrees.

four to eight

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

point

The most widely used point method job evaluation is the:

Hay Group plan.

Which of the following is a disadvantage of the ranking method of job evaluation?

It fails to tell employees what is important about their jobs.

Which of the following is a job evaluation method that can group a wide range of work together in one system but leave too much room for manipulation?

classification

In the context of the point method of job evaluation, ________ are job attributes that provide the basis for evaluating the relative growth of jobs inside an organization.

compensable factors

The exchange value of a job is its

external market value

In the context of job evaluation methods, two common ways of ranking are alternation ranking and

paired comparison

TreeWind, Inc. is a bookstore that uses skill and responsibility as its compensable factors. It assigns 20 percent weight to responsibility and 80 percent weight to skill. If the responsibility factor gets a score of 60 after multiplying the subfactors with their corresponding weights and if the skill factor has two subfactors that are rated as 4 and 5, what is the total weightage given to the job?

420