Examlex
Jeffrey is the newly hired HR professional who is responsible for evaluating compensation practices at the company.To determine if there are issues with internal equity,he has chosen to conduct a job evaluation according to the method popularized by the Hay Group consulting firm; which of the following are the compensable factors that this specific method uses in order to evaluate jobs?
Novation
The substitution, by mutual agreement, of another party for one of the original parties to a contract.
Liability
The state of being legally responsible for something, particularly in terms of debts or legal obligations.
Certificate of Authority
An official document granting a company the right to do business in a jurisdiction beyond where it was originally incorporated.
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