Exam 20: Total Reward and Setting Pay

What is being described here? An approach to determining pay rates which compares each job with others in terms of the skills, knowledge and experience needed to carry it out effectively.

What is being described here? A gratuitous payment made by the employer that is not directly earned by the employee.

What type of reward consists of money and other benefits?

What is being described here? The process by which an individual's rate of pay is protected following a job evaluation exercise which finds their job to be overpaid.

What is being described here? A group of employers, often based in the same locality, who agree to exchange pay information for mutual benefit.

In which country is the following approach to the setting of pay most common? Government plays a central role in co-ordinating collective bargaining across industries with a view to agreeing long-term pay deals.