JACKLINE
V476 Exam #2 Study Guide With Questions And 100% ALL CORRECT ANSWERS
Terms in this set (57)
Key Strategic Purpose Fulfilled by Discretionary Accommodating a diverse workforce.
Benefits
Job Analysis Comprehensive process, done to develop a job description.
Comparative process, a systematic way of determine the value/work of a job in relation to other jobs
Job Evaluation
in the organization.
Coinsurance The percentage of covered expenses paid by the insured.
A type of health plan that contracts with medical providers, such as hospitals and doctors, to create
Preferred Provider Organization (PPO) a network of participating providers. You pay less if you use providers that belong to the plan's
network.
V476 Exam #2 Study Guide
, A type of managed care plan that is a hybrid of the other two plans. Participants designate an in-
Point-of-Service Plan (POS) network physician to be their primary care provider. Patients may go outside of the provider network
for health care services as well.
A type of health insurance plan that usually limits coverage to care from doctors who work for or
contract with this plan. Generally won't cover out-of-network care except in an emergency. This plan
Health Maintenance Organization (HMO)
may require you to live or work in its service area to be eligible for coverage. This plan often provide
integrated care and focus on prevention and wellness.
A method in which doctors and other health care providers are paid for each service performed.
Fee-for-Service Plan
Examples: tests and office visits.
Organizations focus on what to determine pay Found outside the company, provide reference points against which the values of jobs within
ranges for job grades when analyzing external company are judged. In order to more efficiently determine pay ranges for job grades for this,
salary data? organizations generally focus on Benchmark Jobs.
-Effort
-Skill
4 Universal Compensable Factors
-Responsibility
-Working Conditions
Who defined the 4 Universal Compensable Factors? The Equal Pay Act of 1963
What method to collect data to determine Surveys
prevailing pay rates does Market-Based Job
Evalution use?
Link pay to the depth or breadth of the skills, abilities, and knowledge persons acquire that are
Purpose of Skill-based Structure
relevant to the work.
It is a commonly used quantitative technique. It breaks down jobs into compensable factors
Common Characteristics of Point Factor Method identified during Job Analysis. Points are assigned to the factors, and a pay structure is established
for the position.
-Compensable Factors
3 Common Characteristics of Point Methods -Factor degrees numerically scaled
-Weights Reflect relative, importance of each factor.
What can cause compensation survey data to Lag time between when the data was collected and used.
become obsolete fairly quickly?
involve the collection and subsequent analysis of competitors compensation data, Market-based job
Compensation (salary) survey
evaluation uses this method to collect data to determine prevailing pay rates.
V476 Exam #2 Study Guide
V476 Exam #2 Study Guide With Questions And 100% ALL CORRECT ANSWERS
Terms in this set (57)
Key Strategic Purpose Fulfilled by Discretionary Accommodating a diverse workforce.
Benefits
Job Analysis Comprehensive process, done to develop a job description.
Comparative process, a systematic way of determine the value/work of a job in relation to other jobs
Job Evaluation
in the organization.
Coinsurance The percentage of covered expenses paid by the insured.
A type of health plan that contracts with medical providers, such as hospitals and doctors, to create
Preferred Provider Organization (PPO) a network of participating providers. You pay less if you use providers that belong to the plan's
network.
V476 Exam #2 Study Guide
, A type of managed care plan that is a hybrid of the other two plans. Participants designate an in-
Point-of-Service Plan (POS) network physician to be their primary care provider. Patients may go outside of the provider network
for health care services as well.
A type of health insurance plan that usually limits coverage to care from doctors who work for or
contract with this plan. Generally won't cover out-of-network care except in an emergency. This plan
Health Maintenance Organization (HMO)
may require you to live or work in its service area to be eligible for coverage. This plan often provide
integrated care and focus on prevention and wellness.
A method in which doctors and other health care providers are paid for each service performed.
Fee-for-Service Plan
Examples: tests and office visits.
Organizations focus on what to determine pay Found outside the company, provide reference points against which the values of jobs within
ranges for job grades when analyzing external company are judged. In order to more efficiently determine pay ranges for job grades for this,
salary data? organizations generally focus on Benchmark Jobs.
-Effort
-Skill
4 Universal Compensable Factors
-Responsibility
-Working Conditions
Who defined the 4 Universal Compensable Factors? The Equal Pay Act of 1963
What method to collect data to determine Surveys
prevailing pay rates does Market-Based Job
Evalution use?
Link pay to the depth or breadth of the skills, abilities, and knowledge persons acquire that are
Purpose of Skill-based Structure
relevant to the work.
It is a commonly used quantitative technique. It breaks down jobs into compensable factors
Common Characteristics of Point Factor Method identified during Job Analysis. Points are assigned to the factors, and a pay structure is established
for the position.
-Compensable Factors
3 Common Characteristics of Point Methods -Factor degrees numerically scaled
-Weights Reflect relative, importance of each factor.
What can cause compensation survey data to Lag time between when the data was collected and used.
become obsolete fairly quickly?
involve the collection and subsequent analysis of competitors compensation data, Market-based job
Compensation (salary) survey
evaluation uses this method to collect data to determine prevailing pay rates.
V476 Exam #2 Study Guide
