Question 1

What is a "pay structure"?

Options :

A : A system for distributing bonuses to employees

B : A set of policies and procedures for administering employee pay

C : The organization-s approach to paying employees

D : The specific salary levels and ranges for each job in the organization

Answer: D

Question 2

In base pay structure design, what data does the job evaluation step provide?

Options :

A : Employee performance data

B : Salary data of other companies

C : Data that can be used to create a job worth hierarchy

D : Data on employee benefits

Answer: C

Question 3

A majority of surveys are reported in what format?

Options :

A : Linear regression

B : Summary statistics

C : Maturity curves

Answer: B

Question 4

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 5

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