Which of the Following Is the First Step in the Factor-Comparison

question 46

Multiple Choice

Which of the following is the first step in the factor-comparison method for job evaluation?

• A) The comparison factors to be used are selected anddefined.
• B) Benchmark or key jobs in the organization are identified.
• C) A job-comparison chart is developed to display thebenchmark jobs and the monetary values that each jobreceived for each factor.
• D) The benchmark jobs chosen for evaluation are grouped into grades.
• E) Jobs are ranked at a level of importance to organizations.

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Definitions:

Constructive Receipt

This refers to the point at which an individual has access to, or control over, income, thus making it taxable, even if the income has not been physically received.

Compensation

Payment or salary received for services rendered or work done.

Exempt From Income

Income that is not subject to taxation under federal or state law.

Workers' Compensation Payments

Benefits provided to employees suffering from work-related injuries or illnesses, covering medical expenses and lost wages.