Exam 13: Base Wage and Salary Systems

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List the possible topics to be included in a wage survey.

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In the ____ of job evaluation,job subfactors are used to describe compensable factors in detail.

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The primary method for determining the relative worth of jobs to an organization is termed:

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An organization's compensation system should produce a base wage/salary structure that is:

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To keep its compensation system fair and competitive,GD Systems Inc.has developed a new base wage and salary system.The primary objective of this system should be to establish an equitable compensation for employees based on ____.

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The following guidelines should be followed when conducting wage and salary surveys EXCEPT:

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Broadbanding provides less formal structure and allows organizations to react quicker to changes.

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In the job ranking method of job evaluation,jobs are ranked from the simplest to the most difficult.

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Job evaluation is a systematic determination of the value of each job in relation to other jobs outside an organization.

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When the point method of job evaluation is used,all jobs in an organization must be examined and evaluated.

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It is generally recognized that skill-based pay systems work well in unionized organizations.

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Classes of jobs that for pay purposes are grouped on the basis of their worth to an organization are called:

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The ____ rewards employees based on knowledge,skills,and behaviors that result in performance.

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The first step in a job evaluation program is to gather information on the jobs being evaluated.

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Conventional base pay systems compensate employees based on the work required to do a specific job as determined by job evaluations.Which of the following approaches was created to provide additional flexibility to conventional base pay systems?

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Which of the following is true about pay grades and ranges?

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Distinguish between skill-based pay and competency-based pay systems.

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Ordinarily,the largest portion of an employee's total compensation consists of:

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A good rule of thumb when doing a wage survey in conjunction with either the point or factor comparison method is that a minimum of ____ percent of the jobs in an organization should be surveyed to make a fair evaluation of the organization's pay system.

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What is the most reliable and most expensive method of surveying wage data?

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