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C17 Exam Dumps - Market Pricing - Conducting a Competitive Pay Analysis

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Question # 9

What method can be used to establish a unique market rate for a hybrid job?

A.

Averaging

B.

Blending

C.

Extrapolation

D.

Regression

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Question # 10

Which of the short-term variable pay program involves more measures than a single financial performance measure?

A.

Spot bonuses

B.

Performance bonuses

C.

Incentive bonuses

D.

Performance sharing

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Question # 11

What are the tips for compensation communication?

A.

Convey a different message to different employees

B.

Align with individual goals

C.

Encourage secrecy

D.

Convey a consistent message, align with mission, vision, and business strategy, encourage feedback, follow-up on feedback

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Question # 12

What makes compensation professional a valuable contributor in the organization's mission to succeed?

A.

Offering higher compensation than competitors

B.

Providing only monetary compensation

C.

Determine the right mix of reward components that meet the goals of attracting the right talent while staying within the budget

D.

Offering only non-monetary rewards

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Question # 13

Which of the short-term variable pay programs involves setting targets for multiple performance measures?

A.

Performance sharing

B.

Spot bonus

C.

Referral bonus

D.

Sales commission

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Question # 14

When using market-based job evaluation, what is the percentage of jobs in the organization that should be benchmarked?

A.

At least 30%

B.

At least 50%

C.

At least 70%

D.

At least 90%

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Question # 15

In the context of compensation, what is a "benchmark job"?

A.

A job that is critical to the organization's success

B.

A job that is used to determine the market rate for similar jobs

C.

A job that is used as a model for performance evaluations

D.

A job that is used to set the maximum pay level for all employees

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Question # 16

When is it appropriate to practice open communications regarding pay decisions?

A.

Only when pay decisions are positive

B.

If the HR department supports open communication

C.

If employees have a union representative

D.

If the organizational culture supports open communication

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