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Exam (elaborations)

ORC EXAM 2 QUESTIONS WITH 100% VERIFIED ANSWERS!!

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ORC EXAM 2 QUESTIONS WITH 100% VERIFIED ANSWERS!!

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ORC EXAM 2 QUESTIONS WITH 100%
VERIFIED ANSWERS!!




1 of 43

Term



Which job evaluation plans look at the 'whole job' (qualitative)? What
are the characteristics of each?



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Recognize individual performance with pay
Meet employees' expectations that their pay can increase overtime, even in the same job
Encourage employees to remain with the organization

, Point factor: Compare jobs on rating scales of specific factors. Jobs
are assessed on required know- how, problem-solving abilities, and
accountability. Each factor is assigned points and the total number of
points
indicates the job's ranking

Market pricing: Value of each job is determined through the
analysis of the external marketplace as typically reported through
salary surveys




Job ranking: Jobs are paired and for each pair the most
impactful job is chosen. This results in a forced ranking of
different jobs. Compare jobs
using a single global factor that presumably combines all parts of
the job

Job classification: Defines categories of jobs and slots jobs
into these classes. An example classification is a CEO, vice
president, director, manager, and operator




Job based: determines desire based on the role itself

Person based: rewards employees for their skills/ knowledge/ what they
know


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2 of 43

Term



When two or more rates are paid to employees in the
same job, what exists



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,pay mix pay differential

, pay range pay grade


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3 of 43

Term



What is the purpose of degree levels in the point method
plan?



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Strategy and value of Setting pay levels
the organization relative to competitors




Compensating differential wage,
Distinguishing among the job signaling


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4 of 43

Term



Describe the difference in a reliable and a valid
evaluation technique.



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