Question

In: Operations Management

1. A method of comparing job worth that uses broad written descriptions and definitions to place...

1. A method of comparing job worth that uses broad written descriptions and definitions to place jobs into "levels" is:

Job classification

Point factor

Factor comparison

Job ranking

2.

What is the first step in the training process?

Group of answer choices

Select appropriate training methods

Determine specific training needs

Determine training learning objectives

Evaluate transfer of training

3.

Financial compensation, benefits, and non-financial compensation like appreciation together make up __________.

Group of answer choices

non-discretionary compensation

indirect compensation

full compensation

total compensation

4.

In manufacturing firms where work is organized around teams, it is common for employees to be paid more as they learn how to do different jobs within the team. Tying pay to the ability to do different jobs is an example of __________.

Group of answer choices

commission pay

lump sum pay

merit pay

skill-based pay

5.

Pay mix refers to:

Group of answer choices

The difference between the highest and lowest paid employees in the company

The extent to which pay is spread out among employees in the same job

The way a person's total compensation is broken down into different types

The number of grades in a company's pay structure

Solutions

Expert Solution

Ques 1) (a) A method of comparing job worth that uses broad written descriptions and definitions to place jobs into "levels" is Job classication. Job classification is a scheme of classifying a job according to the current responsibilities and duties associated with the job. It is different than job design in that the person assigned to the job is not taken into consideration. Jobs are classified with the purpose of studying jobs in a holistic perspective.

Ques 2) (b)  First step in the training process is to determine specific training needs.

Ques 3) (b) Financial compensation, benefits, and non-financial compensation like appreciation together make up indirect compensation.

Indirect compensation is still monetary in nature — meaning it has a financial value that can be calculated — but is not a direct payment in the form of cash. What is considered indirect compensation can vary across organizations but typically includes much of the benefits package that comes with employment, such as employer sponsored health insurance and employer contributions to an employee’s retirement plan.

Ques 4) (d)  Tying pay to the ability to do different jobs is an example of skill-based pay.

Ques 5) (a) Pay mix refers to the difference between the highest and lowest paid employees in the company.

keosha answered 5 months ago
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