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Establishing Strategic Pay Plans
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Establishing Strategic Pay Plans
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Establishing Strategic Pay Plans
The notion that woman and men should collect equal pay for comparable skills, considered as
comparable worth
incomparable worth
definable worth
indefinable worth
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Establishing Strategic Pay Plans
The levels and series of steps based on the years of service in pay grades are called
pay ranges
grade ranges
similar jobs grades
anchoring pay ratings
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Establishing Strategic Pay Plans
The data of benefits like employees insurance and other fringe benefits can be collected through
benchmark surveys
salary surveys
primary survey
secondary survey
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Establishing Strategic Pay Plans
The increments based on performance is a basis of
direct financial payments
non direct financial payments
direct compensation
bonuses
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Establishing Strategic Pay Plans
The classification of executive and management positions into series of grades, called
job specification
job description
job evaluation
employee training
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Establishing Strategic Pay Plans
In surveying the market, a way to know what others are paying, known as
salary survey
market survey
equity survey
motivation survey
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rikazzz
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Establishing Strategic Pay Plans
Each unit made by a worker to be paid is considered as
time based pay
performance based pay
promotion
salary increments
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rikazzz
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Establishing Strategic Pay Plans
The second step in ranking method of job evaluation is to
combine ratings
rank jobs
selecting compensable factors
grouping jobs
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rikazzz
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Establishing Strategic Pay Plans
The cash and stock bonuses for achieving short-term goals are included in
long-term incentives
short-term incentives
pay scale
ranking jobs
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rikazzz
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Establishing Strategic Pay Plans
An ‘Equity theory of Motivation’ does not include
internal equity
external equity
collective equity
individual equity
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rikazzz
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