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Increasing salary on the basis of performance d an

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increasing salary on the basis of performance (d) an indication of the value of a job (e) an indication of the value of skills The correct alternative is: 1 a, c and d 2 b, c and d 3 a, d and e 4 b, d and e 5 a, b and d 3 You must compile a compensation strategy for the company where you are employed. How will you decide if the strategy you choose is a source of competitive advantage? (a) Is it aligned? (b) Does it comply with legal requirements? (c) Does it differentiate? (d) How is it managed? (e) Does it add value? The correct alternative is 1 a, c and e 2 b, c and d 3 a, b and c 4 a, d and e 5 b, c and e 4 Describe the concept “internal alignment” to a new employee in the salaries section. 1 the pay relationship between different jobs, skills or competencies within a single organisation 2 the comparative pay of different jobs, skills or competencies in different organisations 3 a pay structure that supports the organisational structure, is fair and motivates employee behaviour 4 the pay relationship between similar jobs, skills or competencies in different organisations 5 a pay structure that supports the organisational structure, supports work flow and is fair to employees
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10 5 A pay structure is defined as follows: (a) the array of pay rates (b) the pay relationship between different jobs (c) the number of job levels (d) the differences between the levels (e) the criteria used to determine the levels and differences The correct alternative is 1 a, b and c 2 a, c and e 3 b, c and d 4 b, d and e 5 c, d and e 6 The two critical uses of job analysis in compensation are the following: 1 identify the type of job analysis data that are needed and to provide managers with a work-related rationale for pay differences 2 collect information about specific tasks and work behaviours and to provide managers with a work- related rationale for pay differences 3 collect information about specific tasks and work behaviours and to establish similarities and differences in the work content of jobs 4 collect information about specific tasks and work behaviours and to establish an internally fair and aligned job structure 5 establish similarities and differences in the work content of jobs and to establish an internally fair and aligned job structure 7 Explain to a management team which organisational factors influence compensation decisions with regard to external competitiveness. (a) the industry where the organisation competes (b) the size of the organisation (c) the organisation's relevant labour market (d) the organisation’s strategy The correct alternative is 1 a, b and c 2 b, c and d 3 a, b and d 4 a, c and d 5 b, c and d 8 Broadbanding refers to the following: (a) Increasing the number of salary grades. (b) Decreasing the number of salary grades.
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