Compensation Administration Chap 5 TNTech
The _____ method of job evaluation is the most commonly used method in the United States and Europe.
Point
Which of the following is NOT a characteristic of a benchmark job?
The pay level is the best in the industry.
Research shows that _____ factor(s) account(s) for 98 to 99 percent of the variance in job evaluation plans.
Three
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.
compensable factors
In the point method, the second step in designing a plan is to:
determine the compensable factors.
The final step in designing a point plan involves _____.
developing online software support
The exchange value of a job is its _____.
external market value
According to a WorldatWork survey, the primary method of job evaluation is _____.
market pricing
When a statistical process is used to duplicate an existing pay structure, it is called:
policy capturing.
The _____ method of job evaluation uses compensable factors.
Point
Most factor scales have _____ degrees.
4-8
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?
420
Research shows that skills, one of the compensable factors, accounts for _____ percent or more of the variance in job evaluation results.
90
Which of the following is NOT true 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 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?
Alternation-ranking method
A job description is compared to class descriptions in the _____ of job evaluation.
Classification
The job evaluation method that most resembles a bookcase with many shelves is:
Classification.
The most widely used point method job evaluation is the:
Hay plan.
Which of the following is a disadvantage of the point method?
It can be bureaucratic and rule-bound
Which of the following statements is true of a job evaluation plan?
It is developed using benchmark jobs and then applied to nonbenchmark jobs.
In the context of internal alignment, which of the following is the correct sequence?
Job description > Job evaluation > Job structure
_____ is the process of systematically determining the relative worth of jobs for the purpose of creating an organization's job structure.
Job evaluation
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):
alternation-ranking method.
Common characteristics of the point method include all of the following EXCEPT:
benchmark factor classes.
A major decision in job evaluation is to:
choose among alternative approaches.
_____ are more likely to conduct job evaluations of senior management jobs.
Compensation managers
Which of the following is the underlying assumption in the assessment of job content?
Content has intrinsic value outside external market.
Which of the following is a major decision in job evaluation?
Establishing the purpose of evaluation