John’s job has been identified as a benchmark job within his organization. What does this mean? A.John will be paid a bonus for doing this job.B.John’s job will be subjected to significant changes.C.John’s job is unique within the organization.D.John’s job is common and can be compared across departments and organizations.

______ is the system whereby jobs that are similar in contribution to the organization are organized together for compensation planning purposes. A.Job classesB.Job gradingC.BenchmarkingD.Ranking

Which of the following is a characteristic of a benchmark job?Question 10Answera.It is unique to a particular employer.b.It is the highest paid job in the industry.c.Its contents fluctuate frequently.d.Its contents are little known.e.It employs a reasonable proportion of the workforce.

Benchmarking is basically comparing how different organizations perform their supply chain activities and to make cross-company comparisons of their revenues and effectiveness.Select one:TrueFalse

Benchmarking is a process through which one entity is compared to another. The comparison is generally done with the financial data and ratios of direct competitors in the same industry or market and it gives us the context in which to interpret the entity’s data.Choose one of the following answers. True False

What term best describes the systematic determination of the relative worth of jobs within an organisation?Question 40Answera.Compensation benchmarkingb.Job analysisc.Job evaluationd.Performance appraisal