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Total 253 Questions | Updated On: Nov 18, 2024

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Question 1

What are the managerial factors that impact merit pay?

A : Leadership style and decision-making abilities

B : Communication skills and team management

C : Strategic thinking and problem-solving

D : Performance evaluations and goal setting

Answer: D

Question 2

What are some characteristics of market data pricing or slotting?

A : It relies on salary survey data from external sources

B : It provides a standardized pay structure across industries

C : It considers market trends and competition for talent

D : All of the above

Answer: D

Question 3

What is the basis for expatriate differential determination?

A : The cost of living in the host country compared to the home country

B : The employee's geographic location or cost of living

C : The specific shifts or time periods worked by the employee

D : The employee's length of service with the company

Answer: A

Question 4

How are midpoint-to-midpoint differentials calculated?

A : By subtracting the midpoint of one pay range from the midpoint of another

B : By comparing the highest and lowest pay ranges within a structure

C : By calculating the percentage difference between two midpoints

D : By conducting a regression analysis of pay rates across the organization

Answer: C

Question 5

What is a reason for establishing a job worth hierarchy?

A : To determine appropriate placement of anchor points during the job evaluation

B : To prove that job grades are not needed in an organization.

C : To establish midpoint differentials for managers and subordinates

D : To determine equity among both positions and groups of positions.

Answer: D

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Total 253 Questions | Updated On: Nov 18, 2024

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