HRIR 3051 QUIZ 1 EXAM PREPARATION
QUESTIONS WITH CORRECT ANSWERS
Steps to design a point factor system - Answer-1. Conduct job analysis
2. Determine compensable factors.
3. Scale the factors.
4. Weight the factors according to importance
5. Train users/ prepare manual
6. Apply to all jobs
Market Based - Answer-What is the most popular system used in the USA for job
evaluation?
Justice - Answer-Fairness does not equal _____________.
-Ensure that the system rates jobs not people
-Make sure the system aligns with the culture and values of an organization
-Create and effective and efficient process - Answer-What are the critical issues in the
job evaluation process?
External Competitiveness - Answer-Impacts cost and the organizations ability to attract
and retain.
Employees - Answer-What is the largest fixed cost in an organization?
There is no single right answer-- there are different kinds of jobs within an organization.
- Answer-External competitiveness is a major strategic issue for an organization
because:
-Supply and demand of qualified labor
-Inflation/ deflation
-Competitiveness of industry
-Financial dynamics of industry
-Globalization of jobs/ industry
-Competitors total rewards strategies - Answer-What are external factors of
competitiveness?
Fair - Answer-There is no such thing as __________ in labor market.
-Procedural
-Results - Answer-What are the two kinds of equity?
How we get the answer - Answer-What is procedural equity?
, What the answer is - Answer-What is results equity?
Equal - Answer-Fair does not mean ____________.
Equity Theory
(being paid in accordance) - Answer-Employee is constantly calculating ratio of inputs
(time, effort, skill, experience, etc.) to outputs give to them (salary, benefits, security,
etc.).
-Two equally skilled employees paid differently
-Two unequally skilled employees paid the same - Answer-What are two examples that
don't follow the equity theory.
-Industry
-Geography
-Organization size - Answer-How do organizations determine their external
competitiveness?
Stays still - Answer-The labor market never _______________.
-Professionally published surveys
-Use of multiple sources enhances integrity - Answer-Where do you get data?
When 70% or more of the job content is comparable. - Answer-There is a job match
when:
-Aging all data to common date
-Geographic adjustment as necessary
-Use weighted average figures
-Run statistical tests (t-test). - Answer-What are examples of data integrity?
Rate/12 X amount of months aged
then
take the figure given and multiply by ^^ - Answer-What is the formula for aging data?
-Hybrid jobs (mutants)
-Organization- specific jobs
-Jobs with no reliable data
-Part-time/ seasonal - Answer-What are examples of jobs with no match/ data?
Salary Range - Answer--Signifies the minimum and maximum value of a job (skill set)
-Enables consistency in compensation
-Allows for flexibility in compensating employees
-Assists with proper budgeting
QUESTIONS WITH CORRECT ANSWERS
Steps to design a point factor system - Answer-1. Conduct job analysis
2. Determine compensable factors.
3. Scale the factors.
4. Weight the factors according to importance
5. Train users/ prepare manual
6. Apply to all jobs
Market Based - Answer-What is the most popular system used in the USA for job
evaluation?
Justice - Answer-Fairness does not equal _____________.
-Ensure that the system rates jobs not people
-Make sure the system aligns with the culture and values of an organization
-Create and effective and efficient process - Answer-What are the critical issues in the
job evaluation process?
External Competitiveness - Answer-Impacts cost and the organizations ability to attract
and retain.
Employees - Answer-What is the largest fixed cost in an organization?
There is no single right answer-- there are different kinds of jobs within an organization.
- Answer-External competitiveness is a major strategic issue for an organization
because:
-Supply and demand of qualified labor
-Inflation/ deflation
-Competitiveness of industry
-Financial dynamics of industry
-Globalization of jobs/ industry
-Competitors total rewards strategies - Answer-What are external factors of
competitiveness?
Fair - Answer-There is no such thing as __________ in labor market.
-Procedural
-Results - Answer-What are the two kinds of equity?
How we get the answer - Answer-What is procedural equity?
, What the answer is - Answer-What is results equity?
Equal - Answer-Fair does not mean ____________.
Equity Theory
(being paid in accordance) - Answer-Employee is constantly calculating ratio of inputs
(time, effort, skill, experience, etc.) to outputs give to them (salary, benefits, security,
etc.).
-Two equally skilled employees paid differently
-Two unequally skilled employees paid the same - Answer-What are two examples that
don't follow the equity theory.
-Industry
-Geography
-Organization size - Answer-How do organizations determine their external
competitiveness?
Stays still - Answer-The labor market never _______________.
-Professionally published surveys
-Use of multiple sources enhances integrity - Answer-Where do you get data?
When 70% or more of the job content is comparable. - Answer-There is a job match
when:
-Aging all data to common date
-Geographic adjustment as necessary
-Use weighted average figures
-Run statistical tests (t-test). - Answer-What are examples of data integrity?
Rate/12 X amount of months aged
then
take the figure given and multiply by ^^ - Answer-What is the formula for aging data?
-Hybrid jobs (mutants)
-Organization- specific jobs
-Jobs with no reliable data
-Part-time/ seasonal - Answer-What are examples of jobs with no match/ data?
Salary Range - Answer--Signifies the minimum and maximum value of a job (skill set)
-Enables consistency in compensation
-Allows for flexibility in compensating employees
-Assists with proper budgeting
