Compensation - 05
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
determine the compensable factors.
In the point method, the second step in designing a plan is to:
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 _____.
developing online software support
The final step in designing a point plan involves _____.
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:
420
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 scores a 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?
policy capturing.
When a statistical process is used to duplicate an existing pay structure, it is called:
The pay level is the best in the industry.
Which of the following is NOT a characteristic of a benchmark job?
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?
It can become bureaucratic and rule-bound.
Which of the following is a disadvantage of the point method?
Establishing the purpose of evaluation
Which of the following is a major decision in job evaluation?
benchmark factor classes.
Common characteristics of the point method include all of the following EXCEPT:
Job description > Job evaluation > Job structure
In the context of internal alignment, which of the following is the correct sequence?
classification method
A job description is compared to class descriptions in the _____ of job evaluation.
choose among alternative approaches.
A major decision in job evaluation is to:
market pricing
According to a WorldatWork 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:
ranking method
KayDen Corp., a small organization with 15 employees, conducts job evaluation using the least expensive method for the first time. In this case, KayDen is most likely to have used the _____.
alternation-ranking method.
MXB Inc. is a carwash service provider. It orders the jobs in the company on the basis of the least important job to the most important job. In this case, MXB is most likely using a(n):
4-8
Most factor scales have _____ degrees.
Content has intrinsic value outside external market.
Which of the following is the underlying assumption in the assessment of job content?
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 nonbenchmark 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.