Question

Fill in the blanks.

1.         The job evaluation tool that assesses the content of different jobs and their relationship to other jobs within the organization is known as _________________.

2.                                                              involves collecting information on base pay and incentive plans.

3.         Stock ownership program based on organizational performance are an example of ________________

4.         The job evaluation tool that uses pay survey data to identify the relative value of jobs based on what other employers pay for similar jobs is called _________________.

5.                                                                   pay system ties pay to the volume of the work performed by the individual.

Answer 1

1- Job-content-based job evaluation

2- Remuneration survey

Remuneration surveys are used to collect information on prevailing market compensation and benefit practices. This type of survey allows an organization to check its remuneration structures against global and local trends.

3- Incentive pay program
this Plans providing employees with a means of acquiring employer stock are designed to encourage employees to invest in the organization and thus, as shareholders, to give them a financial stake in the future success of the organization. The organization's stock may be purchased or earned

4- Market-based job evaluation

In market-based job evaluation, the relative worth of different jobs is based on their going rate in the marketplace.

5- Productivity-based

A productivity-based system works best where the emphasis is on quantity of work and outputs are accurately measured. This system may sacrifice quality without careful supervision. It may also lead to inflexibility in the workforce because employees may want to stay in the job where they can earn the most rather than move to a more-challenging job.