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:

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, usually repayment of a debt.

Collateral

An asset offered to secure a loan or other credit and subject to seizure upon default.

Security Interests

A lawful demand or security interest on assets that have been offered as a guarantee, typically to ensure the repayment of a borrowed sum.

Time of Perfection

The point at which a security interest is legally established against third parties, typically by filing or possession.