When Are Benchmark Jobs Used

question 23

Multiple Choice

When are benchmark jobs used?

• A) In circumstances where appropriate market comparator jobs cannot be found.
• B) To test whether the labour market is tight or loose.
• C) To calibrate the job evaluation system to the market.
• D) As the norm against which to measure employee performance.

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Definitions:

Informal Organization

The network of personal and social relationships that spontaneously form within an organization outside of its formal structure.

Corporate Form

A legal structure chosen for businesses that treats the company as a separate entity from its owners, providing limited liability and other legal protections.

Transferability of Shares

Refers to the ability of shareholders to sell or transfer their shares to another party, subject to the rules of the corporation and securities laws.

Ultra Vires

Acts performed by a corporation that are beyond the scope of its charter or legal authority.