The Gini Index Measures

question 22

Multiple Choice

The Gini Index measures:

• A)Relative income equality within a country
• B)Relative income equality between countries
• C)Income per person within countries
• D)Income per person between countries

Recognize the importance of effective communication of benefits value to employees.

Grasp the criteria and factors influencing the determination of unemployment benefits.

Understand challenges facing national pension plans and strategies for cost containment in benefits programs.

Understand the administrative and strategic considerations in designing and implementing employee benefits programs.

---

Definitions:

Job Evaluation

A systematic process for assessing the relative value of jobs within an organization to establish a fair and equitable pay structure.

Job Description

A formal account of an employee's responsibilities, duties, and the scope of a job, often used in the recruitment and evaluation process.

Job Evaluation

The systematic process of determining a job's relative worth within an organization to inform compensation decisions.

Job Evaluation Process

A systematic approach to determining the relative worth of jobs within an organization to establish fair pay and grading levels.