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

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

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

Setting greater pay differentials at the top of the pay structure is based on:Question 3Answera.marginal utility theoryb.equity theoryc.marginal productivity theoryd.tournament theorye.institutional theory

An internal job structure based on _____ refers to the relative contribution of the skills, duties, and responsibilities of a job to the organization's goals.Question 4Answera.point methodsb.compensable factorsc.job contentd.job valuee.external market rates