Benchmark jobs were used in collecting salary market data for building the university compensation plan. By definition, benchmark jobs are those with a clear and consistent definition in the relevant labor market, for which reliable market data could be collected. University job classifications were identified as benchmark jobs to represent each of the job functions and pay levels. Following is a listing of benchmark jobs by pay level and job function within each pay level. Show
Quiz 11Which of the following would not be included in total rewards? Indirect financial payments are pay in the form of financial benefits such as insurance. An integrated package of all rewards (monetary and non-monetary, extrinsic and intrinsic)gained by employees arising from their employment is known as total employment rewards. Which of the following is the major driver of total rewards systems? The purpose of rewards are to attract, retain, motivate, and engage employees. Bob has worked as a systems analyst for XY Corp. for three years. Jennifer is an inexperiencednewly hired systems analyst who gets paid the same amount as Bob. What may be acompensation issue here?Internal equity may be an issue for BobUnions and labour relations laws influence how pay plans are designed. An employer's compensation policies provide important guidelines regarding the wages andbenefits it pays. All of the 14 jurisdictions regulating employment in Canada have laws regarding compensation. Individual equity refers to the perceived fairness of the processes and procedures used to makedecisions regarding the allocation of pay. What is the main purpose of doing a job evaluation with respect to total rewards? Which of the following is not generally considered to be a compensable factor in job evaluation?EducationJohn's job has been identified as a benchmark job within his organization. What does this mean?  CH 11 Which of the following provinces does not have pay equity legislation? British Columbia Most Canadian shareholders believe that CEOs receive fair incentive-based compensation for their work and are worth what they are paid. False The purpose of rewards are to attract, retain, motivate, and engage employees. TRUE John's pay has been selected as a red circle pay rate. What does this mean to John? John's job is overpaid according to the organization's pay system and this will be addressed by a pay freeze. What is the main purpose of doing a job evaluation with respect to total rewards? To determine the value of a job for internal equity Unlike with most employee pay plans, executive/managerial compensation plans tend to focus less on performance incentives. FALSE There are three basic steps in establishing pay rates. Which of the following statements is not one of those steps? Determine the worth of jobs within the organization by reviewing what other firms pay Negotiation skills for salespeople or safety orientation for pilots are examples of which competency? What does it mean to benchmark jobs?By definition, benchmark jobs are those with a clear and consistent definition in the relevant labor market, for which reliable market data could be collected. University job classifications were identified as benchmark jobs to represent each of the job functions and pay levels.
What is a benchmark job quizlet?benchmark (key) job. A prototypical job, or group of jobs, used as a reference point for making pay comparisons within or without the organization. Benchmark jobs have well-known and stable contents; their current pay rates are generally acceptable, and the pay differentials among them are relatively stable.
What is the main purpose of doing a job evaluation with respect to total rewards?Human Resource Management
What is the main purpose of doing a job evaluation with respect to total rewards? Ranking the positions in companies according to their worth is the main goal of job evaluation.
Which of the following refers to how fair a particular job's pay rate is when compared to other jobs within the same company?Internal equity refers to how fair the job's pay rate is when compared to other jobs within the same company.
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John’s job has been identified as a benchmark job within his organization. what does this mean?
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