Which of the following is a consideration in determining if a survey should receive greater weight?
Surveys with higher response rates
Surveys with lower numbers of companies and/or incumbents reported
Surveys with older data
Surveys with lower quality benchmarks jobs
Which of the following is a characteristic of a good survey?
Short and vague questions
Biased questions
Survey sources are identified
Low response rate
All of the above
Which of the following is an advantage of market-based job evaluation and pay structure design?
Any market inequities are built in
Simple to administer
TAkes into consideration the company's perceived value of a job
Legally defensible based on job content.
What is a job offer letter?
A letter to an employee announcing a promotion
A letter to an employee terminating their employment
A letter to a candidate offering them a job
A letter to an employee outlining their performance evaluation
Which of the following is an advantage of a published survey?
You can customize the survey to meet your specific needs
You have full control over the survey data and methodology
You can negotiate the survey pricing with the vendor
You may receive a substantial discount if you participate in the survey
What is a primary objective of stock-based compensation?
Attracting new employees
Retaining employees
Motivating employees
Which of the following data is typically requested by surveys?
Wage rate or salary
Employee gender
Employee age
What is a benchmark job?
A job that is easy to perform
A job that is unique to a particular industry
A job that has never been performed before
A standard job used to make pay comparisons, and is easily defined and found in other organizations