Calculating Pay Rates Multiple Choice Questions with Answers – PDF Download

MCQ 1: 'Benchmarking' of jobs is included in:

1. internal equity
2. external equity
3. procedural equity
4. salary survey

MCQ 2: The 'Hay consulting firm' emphasizes compensable factors such as:

1. skills
2. efforts and responsibility
3. knowledge
4. accountability

MCQ 3: The package of salary, incentives and fringe benefits designed in a way to motivate the employees is known as:

1. HR strategy
2. performance appraisal
3. aligned reward strategy
4. aligned compensating strategy

MCQ 4: The comparison of fairness between the sales manager and production manager job pay rates, is an example of:

1. collective equity
2. primary equity
3. secondary equity
4. internal equity

MCQ 5: On the basis of comparable jobs, the variables such as skills, responsibility and working conditions, considered as:

1. logical factors
2. comprehensive factors
3. compensable factors
4. intuitive factors