After ensuring external and internal equity, the next step in establishing pay rates is?

A. Group similar jobs
B. Price each pay grade
C. Fine tune pay rates
D. Determining the worth of each job

The traditional pay plan used in companies is mostly?

A. Person oriented
B. Job oriented
C. Tenure oriented
D. Evaluation oriented

The procedure of ranking jobs or grouping in clusters is included in?

A. Getting job information
B. Combining ratings
C. Ranking jobs
D. Selecting and grouping jobs

The revenue growth is included in?

A. Short-term of shareholder value
B. Compensation of company executive
C. Determination of stocks
D. Determination of investment

The third step in ‘ranking method’ of evaluating job method is to?

A. Select compensable factors
B. Combine ratings
C. Rank jobs
D. Select and group jobs

‘Benchmarking’ of jobs is included in?

A. Internal equity
B. External equity
C. Procedural equity
D. Salary survey

The first step in ‘Job ranking’ evaluation method is to?

A. Obtain job information
B. Select and group jobs
C. Select compensable factors
D. Rank jobs

The increments based on performance is a basis of?

A. Direct financial payments
B. Non direct financial payments
C. Direct compensation
D. Bonuses

The ‘incentives’ given to employees are a part of?

A. Non direct financial payment
B. Direct financial payments
C. Compensation
D. Pension benefits

The ways of direct financial payments are?

A. Increments based on time
B. Increments based on piecework
C. Increments based on overtime
D. Increments based on occupations