Exam 10: Developing an Approach to Total Compensation

Joe is promoted from a pay grade three job making $3300 a month to a pay grade four job making $3300 a month.Why would Joe accept a promotion with no simultaneous increase in pay?

What are benchmark jobs and how are they used for placing a specific job into a pay grade?

The job market for accounting professors has suddenly strengthened.Newly-graduated accounting Ph.Ds are being offered over $100,000 per year.Many current accounting professors are making significantly less and university salary budgets are tight.In addition,many accounting professors are reaching retirement age.As an HR professional with an understanding of compensation,which of the following situations will probably NOT occur?

One of the advantages of using job evaluation to set compensation levels in organizations,is that internal and external equity are both satisfied.

Job evaluation and job analysis are closely related,but they are not identical.

Comparable worth laws

Simon works for a furniture manufacturer.Since he is not eligible to receive overtime pay,you could assume that Simon:

In pay structures,the key difference between competency based and job based models is how points are assigned to jobs.

Pay differentials

Employers can maximize satisfaction with pay by involving employees in pay system design.