Podcast
Questions and Answers
What is a compensable factor?
What is a compensable factor?
- A type of performance appraisal.
- A fundamental, essential element of a job. (correct)
- A job evaluation criterion.
- A non-essential element of a job.
What is the purpose of identifying compensable factors?
What is the purpose of identifying compensable factors?
- To identify job titles and descriptions.
- To determine compensation and benefits. (correct)
- To evaluate job duties and responsibilities.
- To determine employee performance.
What is an example of a compensable factor?
What is an example of a compensable factor?
- Work-life balance and well-being.
- Job title and description.
- Skills and effort. (correct)
- Employee motivation and engagement.
When is job evaluation typically prepared for?
When is job evaluation typically prepared for?
What is the relationship between compensable factors and job evaluation?
What is the relationship between compensable factors and job evaluation?
What is the primary criterion for grouping jobs into pay grades?
What is the primary criterion for grouping jobs into pay grades?
What is the purpose of grouping jobs into pay grades?
What is the purpose of grouping jobs into pay grades?
What is a pay grade comprised of?
What is a pay grade comprised of?
How are jobs grouped in a pay grade?
How are jobs grouped in a pay grade?
What determines the importance of a job?
What determines the importance of a job?
What method of job evaluation ranks each job relative to all other jobs?
What method of job evaluation ranks each job relative to all other jobs?
What is the basis for ranking each job in the ranking method of job evaluation?
What is the basis for ranking each job in the ranking method of job evaluation?
How many job evaluation methods are mentioned?
How many job evaluation methods are mentioned?
What is the purpose of choosing an evaluation committee?
What is the purpose of choosing an evaluation committee?
What is competency-based pay based on?
What is competency-based pay based on?
What is the focus of competency-based pay?
What is the focus of competency-based pay?
What is the underlying principle of competency-based pay?
What is the underlying principle of competency-based pay?
What do companies adopting competency-based pay value?
What do companies adopting competency-based pay value?
How does competency-based pay differ from traditional pay systems?
How does competency-based pay differ from traditional pay systems?
What is the approach used to calculate the total point value for a job?
What is the approach used to calculate the total point value for a job?
What is the purpose of assigning points to each degree of a factor?
What is the purpose of assigning points to each degree of a factor?
What is the relationship between the points assigned to each factor and the total point value?
What is the relationship between the points assigned to each factor and the total point value?
Why is it important to calculate the total point value for a job?
Why is it important to calculate the total point value for a job?
What is the outcome of assigning points to each degree of a factor and calculating the total point value?
What is the outcome of assigning points to each degree of a factor and calculating the total point value?
