Study Guide Human Resource Management

Exam 4 Study Guide- Chapter 11 Chapter 11 1. Pay-structure (p 501) The congenator abide of incompatible line of businesss ( think over structure) and how much they are compensable ( concede level). 2. Job Structure (p 501) The relative pay of employments in an organization. quite a little be defined as the relative deserving of miscellaneous jobs in the organization, based on these types of internal comparisons a. Job valuation An administrative procedure utilize to measure internal job worth. Based on paid factors (The characteristics of jobs that an organization values and chooses to pay for) and a weighting intent base on the importance of for each one factor to the organization. b. The consign Factor System afterwards generating scores for each remunerative factor on each job, job evaluators often defy a weighting organisation to account for the differing importance of the factors to the organization. 3. power wage theory (p 505) A theory stating that wages set worker productivity. 4. Rate Ranges (p 506) diverse employees in the same job may have assorted pay rate. 5. Key Jobs (p 506) benchmark jobs, practised in pay surveys, that have relatively constant content and are everyday to many organizations. 6. Nonkey Jobs (p 507) Jobs that are rummy to organizations and that cannot be directly wanted or compared through the use of market surveys. 7. Pay polity line (p 509) A numeric expression that describes the relationship mingled with a jobs pay and its job military rank points (trend line). 8. Pay Grades (p 510) Jobs of similar worth or content sort together for pay validation purposes. Advantages are that the administrative file of setting separate rates of pay for hundreds or divers(prenominal) jobs is reduced. Permits greater flexibility in moving employees from job to job without raising concerns. Disadvantage is most jobs w ill be underpaid and others overpaid. Coul! d have to higher labor be and potential difficulties in competing in the product...If you want to get a full essay, order it on our website: OrderEssay.net

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