Which of the following will serve as the anchor against whic

Which of the following will serve as the anchor against which all other jobs will be compared?

A.Compensable factors

B.Job ranks

C.Competitiveness

D.Benchmark jobs

E.Worth of each job

What is the first step to using ranking as a job evaluation method?

A.Rate skills and combine the ratings.

B.Conduct a job analysis.

C.Determine compensable factors.

D.Identify job specification.

E.Identify job clusters.

Which job evaluation method groups jobs as having the approximate same value for pay purposes?

A.Job classification

B.Grade definition

C.Benchmarks

D.Ranking

E.Point method

What is the first step in developing a market-competitive pay plan using the point-factor method?

A.Review job descriptions and specifications.

B.Assign points to key job factors.

C.Choose benchmark jobs.

D.Evaluate the jobs.

E.Select compensable factors.

Solution

1. Benchmark jobs as the name suggest serves to anchor the payment system (Distribution of salary and wages to the employees) for the employers and these benchmark jobs are used as the standard jobs to compare other jobs of the employers on the basis of the each job\'s relative value.

Hence, the correct answer will be option D i.e Benchmark jobs.

2. While using ranking as the job evaluation method the first step would be to acquire all the essential information about the job or we can say to properly analyze the job.

Hence, the correct answer will be option B i.e Conduct a job analysis.

3. Under job classification method which is also called job grading method, the jobs are classified into different groups but the jobs in each of the group consider the same value for payment purposes.

Hence, the correct answer will be option A i.e Job classification.

4. When using the point factor method the first step in developing a market- competitive pay plan will be choosing benchmark jobs since evaluating so many distinct jobs would really be very illogical and time-consuming for the employers. So with help of benchmark jobs, only those jobs will be evaluated which clearly characterize the chosen benchmark jobs.

Hence, the correct answer will be option C i.e Choose benchmark jobs.