One of the Benefits of the Hay System Is That

question 12

Multiple Choice

One of the benefits of the Hay System is that it can be used to:

• A)determine the optimal mix of salary and fringe benefits.
• B)determine the level of compensating wage differentials in risky jobs.
• C)assign a position to each job within a firm's hierarchy.
• D)assign a task to each employee on the basis of seniority.

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Definitions:

Theory X

Douglas McGregor’s Theory X and Theory Y framework grew from the human relations movement.

Ethnocentric Attitude

A viewpoint that one's own culture or ethnicity is more important or superior to others, often leading to biases in judgment and behavior.

Systems-Oriented View

An approach that considers the organization as a system composed of interrelated and interdependent parts, focusing on how changes in one part affect the whole.

Staffing Activities

Staffing Activities involve the process of recruiting, selecting, hiring, and training employees to fill various roles within an organization.