Establishing Strategic Pay Plans
The levels within a ‘pay grade’ are called
pay ranges
grade scales
group of similar jobs
tuning pay rates
pay ranges
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The process of classifying, ranking jobs and assigning points to jobs is calledA. job evaluation
B. job grading
C. pay grading
D. job ranking
Salary compression is a result of
A. monetary funds
B. interest rate
C. inflation
D. deflation
Comparing quite dissimilar jobs such as nurses to technicians is the best classified as
A. comparable worth
B. incomparable worth
C. definable worth
D. indefinable worth
The health insurance of employees is included in
A. basic pay
B. short-term benefits
C. executive perks
D. job ranking
Fair procedures perceived for the allocation of job pay rates is included in
A. procedural equity
B. pay rate equity
C. primary equity
D. individual equity
A ‘quantitative technique’ in job evaluation processes is
A. job classification
B. alternative ranking method
C. aligned reward strategy
D. point method
The wages and salaries are included in
A. direct financial payments
B. indirect financial payments
C. compensations
D. counseling
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