Which of the following is the first step in the process of creating an internal pay structure?Question 2Answera.job analysisb.translating value into pay structurec.describing competenciesd.job evaluatione.assessing value

An internal job structure based on _____ refers to the skills required for the job, its duties, and its responsibilities.Question 11Answera.point methodsb.compensable factorsc.job contentd.job valuee.external market rates

Organizational pay structures are set by a variety of methods, including internal policies, the advice of outside compensation consultants, and external data.Question 20Select one:a.Trueb.False

Internal alignment refers primarily to:Question 4Answera.the pay relationships in a geographic regionb.the strategy of paying above market salariesc.the value of the work of one individual compared to that of another individuald.the pay relationships among jobs, skills, and competencies within a single organizatione.the pay relationships of all jobs within the same industry

Which of the following is an external factor that influences internal structures?Question 6Answera.cost implicationb.HR policyc.culture and customd.employee acceptancee.human capital

Which one of the following combinations represents the four basic technical elements required, when developing a compensation system?Group of answer choicesa. Job analysis, job evaluation, pay surveys and pay structuringb. Job design, work evaluation, remuneration benchmarking and salary estimatesc. Employee qualification, work design, employee surveys and benchmarkingd. Pay scales, international benchmarking, employee feedback and work evaluation