Shameka Is the New Compensation Manager of a Large Manufacturing

question 85

Multiple Choice

Shameka is the new compensation manager of a large manufacturing company.She is currently redesigning the pay structure.She wants to be able to break down jobs based on identifiable factors and the degree to which these criteria exist on the different jobs in her company.What job evaluation method should Shameka use?

• A)Classification method
• B)Point method
• C)Ordering method
• D)Ranking method
• E)Broad-banding method

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Definitions:

Dividend

A portion of a company's earnings distributed to its shareholders, typically in the form of cash or stock.

Treasury Stock

Shares once issued to the public but then re-obtained by the originating company, lessening the quantity of stock present in the marketplace.

Common Stock

Equity security that represents ownership in a corporation, giving holders the right to vote and share in the company's profits.

Retained Earnings

Profits that are not distributed as dividends but are instead reinvested into the business.