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Establishing Strategic Pay Plans

The workers with the manual jobs are mostly paid as?

August 15, 2022September 25, 2021 by admin
The workers with the manual jobs are mostly paid as?

A. pay plan based on knowledge
B. pay plan based on skills
C. pay plan based on tenure
D. pay plan based on performance

Categories Establishing Strategic Pay Plans, HRM Mcqs

An employee’s salary paid for his skills and knowledge is called?

August 15, 2022September 25, 2021 by admin
An employee’s salary paid for his skills and knowledge is called?

A. competency based pay
B. time based pay
C. internship based salary
D. training based pay

Categories Establishing Strategic Pay Plans, HRM Mcqs

The process of establishing the pay rates includes an ensuring is called?

August 15, 2022September 25, 2021 by admin
The process of establishing the pay rates includes an ensuring is called?

A. internal equity
B. external equity
C. procedural equity
D. all of above

Categories Establishing Strategic Pay Plans, HRM Mcqs

The second step in pay rate establishment is to ensure the?

August 15, 2022September 25, 2021 by admin
The second step in pay rate establishment is to ensure the?

A. internal equity
B. external equity
C. procedural equity
D. collective equity

Categories Establishing Strategic Pay Plans, HRM Mcqs

Salary compression is a result of?

August 15, 2022September 25, 2021 by admin
Salary compression is a result of?

A. monetary funds
B. interest rate
C. inflation
D. deflation

Categories Establishing Strategic Pay Plans, HRM Mcqs

The grouping of dissimilar jobs such as secretaries, mechanics and firefighters, called?

August 15, 2022September 25, 2021 by admin
The grouping of dissimilar jobs such as secretaries, mechanics and firefighters, called?

A. rank jobs
B. grades
C. classes
D. columns

Categories Establishing Strategic Pay Plans, HRM Mcqs

The pay plan is based on influence-able competencies for companies to focus on?

August 15, 2022September 25, 2021 by admin
The pay plan is based on influence-able competencies for companies to focus on?

A. performance management process
B. high performance work system
C. less performance work system
D. quantitative job evaluation

Categories Establishing Strategic Pay Plans, HRM Mcqs

The salary survey can be conducted through?

August 15, 2022September 25, 2021 by admin
The salary survey can be conducted through?

A. primary data
B. secondary data
C. collective equity
D. both A and B

Categories Establishing Strategic Pay Plans, HRM Mcqs

The several jobs rated with individual ranking, comes under?

August 15, 2022September 25, 2021 by admin
The several jobs rated with individual ranking, comes under?

A. combining ratings
B. ranking jobs
C. selection of compensable factors
D. grouping jobs

Categories Establishing Strategic Pay Plans, HRM Mcqs

The salary surveys are used for monitoring and maintaining?

August 15, 2022September 25, 2021 by admin
The salary surveys are used for monitoring and maintaining?

A. external equity
B. internal equity
C. compensating equity
D. collective equity

Categories Establishing Strategic Pay Plans, HRM Mcqs
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