Question 1

What does take priority in Market-Based approach to pay structure development?

Options :

A : Internal pay equity

B : Employee job satisfaction

C : External market pricing or competitiveness

D : Employee engagement

Answer: C

Question 2

A majority of surveys are reported in what format?

Options :

A : Linear regression

B : Summary statistics

C : Maturity curves

Answer: B

Question 3

What is midpoint-to-midpoint differential?

Options :

A : The difference in wage rates paid at the top and bottom of a salary grade

B : The difference in wage rates paid for the same job in different locations

C : The difference in wage rates paid for jobs with similar job titles

D :

The difference in wage rates paid in the midpoints of two adjacent grades and is also known as a salary range spread

Answer: D

Question 4

Which of the following is an advantage of market-based job evaluation and pay structure design?

Options :

A : Any market inequities are built in

B : Simple to administer

C : Takes into consideration the company-s perceived value of a job

D : Legally defensible based on job content

Answer: B

Question 5

What are the factors that impact the accuracy of survey data?

Options :

A : Job title, geographic location, industry sector

B : Age, gender, race

C : Employee performance ratings, job satisfaction surveys, attendance records

D : Sample size, participant base, statistical analyses, survey methodology, job matching procedures

Answer: D