Exam 2 - MAN 4330 Exam (Questions and Answers)

job evaluation - Answer-the process of determining the relative worth of the various jobs within an organization content - Answer-what work is performed and how it gets done value - Answer-captures 1) the relative contribution of jobs to organizational goals and 2) the value of the jobs in the external market benchmark jobs - Answer-prototypical jobs (or groups of jobs) used as a reference point for making pay comparisons inside or outside of the organization market pricing - Answer-use of market pay data to identify the relative value of jobs based on what other employers pay for similar jobs Primary method of job evaluation Most traditional job evaluation methods - Answer-1. Ranking 2. Classification Ranking - Answer-orders the job descriptions from highest to lowest based on a global definition of relative value to the organization's success Classification - Answer-The process of grouping things based on their similarities structure - Answer-result of job evaluation process 2 types of work - Answer-1. Transactional 2. Tacit Skill-based structures - Answer-Pay individuals for their skills, regardless of whether the work they are doing requires all or just a few of those particular skills (more tacit)depth - Answer-pay is based on the knowledge of the individual doing the job rather than on the job content or output (specialist) breadth - Answer-employees in a multi-skill system earn pay increases by acquiring knowledge (generalist) job-based plan - Answer-pays employees for the job to which they are assigned, regardless of the skills they possess (more transactional) 5 items used when considering work requiring more tacit knowledge - Answer-1. Skills 2. Knowledge 3. Self-concepts 4. Traits 5. Motives visionary - Answer-a global perspective or taking the organization in the new direction