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Question 6 compensable factors the correct answer is

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Question 6 - Compensable factors The correct answer is 3. Compensable factors should reflect what the organisation values in the work, should be related to the content of the job and form a central part of the point method. Compensable factors should however not remain the same and therefore option 3 is false. Question 7 - Lowest wage an employee will accept The correct answer is 1. The reservation wage is the lowest wage an employee will accept for a job. The marginal, signaling and bargaining wage refer to the levels of compensation which the employer should keep in mind when determining the pay structure. Question 8 - Broadbanding The correct answer is 3. The primary goal of broadbanding is to encourage lateral movement across functions in an organisation. This allows the transfer of employees to other posts without the need to promote employees. Question 9 - Uses of wage survey data The correct answer is 1. Only the first alternative is correct. Wage survey data is used to compare the organisation’s own pay structure with those of other comparable organisations. In this way it is possible to determine a competitive pay policy. The ranking of jobs and the determination of a job hierarchy makes use of an internal process such as job evaluation. Question 10 - Two-tier compensation plan in an unionised environment The correct answer is 3. A two-tier compensation plan means that two different sets of conditions of employment are applicable to current employees and employees hired after a particular date. 5 CONCLUDING REMARKS We trust that you have found these explanations helpful. Should you experience any problems with your studies you are welcome to contact us. Good luck with your studies! Kind regards M COETZEE (Dr) Lecturer for MNH306-K DEPARTMENT OF HUMAN RESOURCE MANAGEMENT Unisa
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