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
Question
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
Solution
The correct combination that represents the four basic technical elements required when developing a compensation system is: Job analysis, job evaluation, pay surveys and pay structuring.
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