Question 1

Which is not one of the possible pitfalls of the point method of job evaluation?

Accepted Answer

A)  hierarchical grounding 
B)  factor overlaps 
C)  gender bias 
D)  recency effect 
A)  hierarchical grounding 
B)  factor overlaps 
C)  gender bias 
D)  recency effect D

Question 2

Which of the following best explains how to establish pay grade sizes using the telescopic approach?

Accepted Answer

A)  Look for natural breaks between clusters of jobs when setting up the grades. 
B)  Increase the grade widths for higher-value jobs but not necessarily by an equal percentage. 
C)  Reduce the number of pay grades by creating large bands. 
D)  Make the point spreads equal for all pay grades. 
A)  Look for natural breaks between clusters of jobs when setting up the grades. 
B)  Increase the grade widths for higher-value jobs but not necessarily by an equal percentage. 
C)  Reduce the number of pay grades by creating large bands. 
D)  Make the point spreads equal for all pay grades. B

Question 3

Reliability of the job evaluation system means that the system will produce the same results even if different evaluators are used.

Accepted Answer

A) True 
 B)False  True

Question 4

In developing your job evaluation system,it is important that all the factors have the same number of degrees.

Accepted Answer

A) True 
 B)False

Question 5

Discuss the advantages and disadvantages of the point method of job evaluation.

Accepted Answer

The advantages of this system include a

Question 6

In exploring solutions to job evaluation problems,which is not one of the main steps?

Accepted Answer

A)  Check that benchmark jobs are equivalent to market comparator jobs. 
B)  Determine if the wrong factors have been included in the job evaluation system. 
C)  Adjust the point totals of the outlier jobs to improve the correlation coefficient. 
D)  Examine whether jobs have been badly evaluated. 
A)  Check that benchmark jobs are equivalent to market comparator jobs. 
B)  Determine if the wrong factors have been included in the job evaluation system. 
C)  Adjust the point totals of the outlier jobs to improve the correlation coefficient. 
D)  Examine whether jobs have been badly evaluated.

Question 7

The first key issue in establishing pay ranges is what width the ranges should be.

Accepted Answer

A) True 
 B)False

Question 8

In establishing criteria for movement within a pay range,the three most commonly used are experience,performance,and market rates.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following approaches assigns responsibility for deriving factor weights to a committee of knowledgeable individuals within the organization?

Accepted Answer

A)  "a priori" method 
B)  statistical analysis 
C)  multiple regression 
D)  virtual teams 
A)  "a priori" method 
B)  statistical analysis 
C)  multiple regression 
D)  virtual teams

Question 10

Which of the following is not a component of the point method of job evaluation?

Accepted Answer

A)  compensable factors 
B)  total points 
C)  factor degrees 
D)  competencies 
A)  compensable factors 
B)  total points 
C)  factor degrees 
D)  competencies

Question 11

What does the market line determine?

Accepted Answer

A)  Whether the firm should lead, lag, or match the market 
B)  The relationship of job evaluation results to market pay rates 
C)  The relationship of job evaluation results to a firm's pay grades 
D)  A pay rate based on a market survey 
A)  Whether the firm should lead, lag, or match the market 
B)  The relationship of job evaluation results to market pay rates 
C)  The relationship of job evaluation results to a firm's pay grades 
D)  A pay rate based on a market survey

Question 12

The point method of job evaluation contains the following four steps: identify compensable factors;scale the factors;weight the factors;and decide on what to pay.

Accepted Answer

A) True 
 B)False

Question 13

What are the key considerations in establishing pay grades and pay ranges?

Accepted Answer

Issues in establishing pay grades includ

Question 14

What criteria is used to determine movement through the pay range?

Accepted Answer

The three most common criteria used to d

Question 15

This term is used to describe the dollar value of the difference between the maximum and the minimum of the pay range for each pay grade.

Accepted Answer

A)  intergrade differentials 
B)  grade overlaps 
C)  range spread 
D)  quartiles 
A)  intergrade differentials 
B)  grade overlaps 
C)  range spread 
D)  quartiles

Question 16

What determines the relative value of a job and,thus,its position on the hierarchy of jobs using the point method of job evaluation?

Accepted Answer

A)  market comparators 
B)  regression analysis 
C)  base pay structure 
D)  point scores of the jobs 
A)  market comparators 
B)  regression analysis 
C)  base pay structure 
D)  point scores of the jobs

Question 17

A pay range should mimic the range of performance or experience within jobs.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following terms refers to the actual minimum and maximum pay rate,in dollar terms,for all the jobs that fall in a particular pay grade?

Accepted Answer

A)  pay range 
B)  broadbands 
C)  mrket anchor 
D)  step progression 
A)  pay range 
B)  broadbands 
C)  mrket anchor 
D)  step progression

Question 19

Which is not one of the steps in the development of a point method job evaluation plan?

Accepted Answer

A)  identify the compensable factors. 
B)  analyze the questionnaire data. 
C)  test the system. 
D)  scale the factors. 
A)  identify the compensable factors. 
B)  analyze the questionnaire data. 
C)  test the system. 
D)  scale the factors.

Question 20

What does the correlation coefficient indicate?

Accepted Answer

A)  outlier jobs 
B)  "goodness of fit" between the point values and market pay rates 
C)  slope of regression line 
D)  pay policy line height 
A)  outlier jobs 
B)  "goodness of fit" between the point values and market pay rates 
C)  slope of regression line 
D)  pay policy line height

Which is not one of the possible pitfalls of the point method of job evaluation?

Which of the following best explains how to establish pay grade sizes using the telescopic approach?

Reliability of the job evaluation system means that the system will produce the same results even if different evaluators are used.

In developing your job evaluation system,it is important that all the factors have the same number of degrees.

Discuss the advantages and disadvantages of the point method of job evaluation.

In exploring solutions to job evaluation problems,which is not one of the main steps?

The first key issue in establishing pay ranges is what width the ranges should be.

In establishing criteria for movement within a pay range,the three most commonly used are experience,performance,and market rates.

Which of the following approaches assigns responsibility for deriving factor weights to a committee of knowledgeable individuals within the organization?

Which of the following is not a component of the point method of job evaluation?

What does the market line determine?

The point method of job evaluation contains the following four steps: identify compensable factors;scale the factors;weight the factors;and decide on what to pay.

What are the key considerations in establishing pay grades and pay ranges?

What criteria is used to determine movement through the pay range?

This term is used to describe the dollar value of the difference between the maximum and the minimum of the pay range for each pay grade.

What determines the relative value of a job and,thus,its position on the hierarchy of jobs using the point method of job evaluation?

A pay range should mimic the range of performance or experience within jobs.

Which of the following terms refers to the actual minimum and maximum pay rate,in dollar terms,for all the jobs that fall in a particular pay grade?

Which is not one of the steps in the development of a point method job evaluation plan?

What does the correlation coefficient indicate?

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters

Exam 8: Evaluating Jobs: the Point Method of Job Evaluation

Which is not one of the possible pitfalls of the point method of job evaluation?

Which of the following best explains how to establish pay grade sizes using the telescopic approach?

Reliability of the job evaluation system means that the system will produce the same results even if different evaluators are used.

In developing your job evaluation system,it is important that all the factors have the same number of degrees.

Discuss the advantages and disadvantages of the point method of job evaluation.

In exploring solutions to job evaluation problems,which is not one of the main steps?

The first key issue in establishing pay ranges is what width the ranges should be.

In establishing criteria for movement within a pay range,the three most commonly used are experience,performance,and market rates.

Which of the following approaches assigns responsibility for deriving factor weights to a committee of knowledgeable individuals within the organization?

Which of the following is not a component of the point method of job evaluation?

What does the market line determine?

The point method of job evaluation contains the following four steps: identify compensable factors;scale the factors;weight the factors;and decide on what to pay.

What are the key considerations in establishing pay grades and pay ranges?

What criteria is used to determine movement through the pay range?

This term is used to describe the dollar value of the difference between the maximum and the minimum of the pay range for each pay grade.

What determines the relative value of a job and,thus,its position on the hierarchy of jobs using the point method of job evaluation?

A pay range should mimic the range of performance or experience within jobs.

Which of the following terms refers to the actual minimum and maximum pay rate,in dollar terms,for all the jobs that fall in a particular pay grade?

Which is not one of the steps in the development of a point method job evaluation plan?

What does the correlation coefficient indicate?

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters