pay administration purposes
A. market survey data
B. pay policy line
C. compa-ratio
D. skill-based
E. pay grade
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E
(Under the pay grade approach, jobs of similar worth or content are
grouped together for pay administration purposes. Each job within a grade
would have the same rate range aka would be assigned the same minimum,
midpoint, and maximum)
, Which of the following pays is similar to pay structures based on individual
characteristics such as skill or knowledge but usually refers to a plan that covers
exempt employees?
A. internal equity pay
B. market survey pay
C. competency-based pay
D. job-based pay
E. external equity pay
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C
(one of the responses to job based pay structure problems has been to
move away from linking pay to jobs and toward building structures based
on individual characteristics such as skill or knowledge. Competency-based
pay is similar but usually refers to a plan that covers exempt employees
such as managers)
Which of the following concepts addresses the fact that different employees in the
same job may have different pay rates?
A. range spread
B. rate ranges
C.Key jobs
D. Compensable factors
E. Pay grades
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B
(The concept of rate ranges addresses the fact that different employees in
the same job may have different pay rates. The use of rate ranges permits a