Calculating Pay Rates MCQ (Multiple Choice Questions) PDF Download

'Benchmarking' of jobs is included in

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

The 'Hay consulting firm' emphasizes compensable factors such as

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

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

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

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