HRM 3490 Study Guide - Midterm Guide: Merit Pay, Procedural Justice, Job Evaluation
21 May 2019
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What is the single largest source of expenditures in budgets for service sector organizations: training costs, marketing costs, service costs for machinery, wages salaries and benefits. All the following are forms of direct pay, except: base pay, pensions, merit pay, cola. Which of the following is not part of the strategic framework for compensation: resource providers, structural variables, contextual variables, managerial strategy. Which of the following components of job evaluation helps to promote procedural justice: using outside consultants, computer-based evaluations, the appeals procedure, using different evaluators for each job. Which of the following variable pay alternatives would be included in an organizational performance pay plan: merit pay, gain-sharing, profit-sharing, targeted incentives. You need to attract competent employees and are more concerned with external competitiveness than internal alignment. Which is the best method for you to use to determine base pay: job evaluation, person-based pay, competency-based pay, market pricing.
