In a Company's Merit Pay Program,individuals' Compa-Ratio Represents Their

question 26

Multiple Choice

In a company's merit pay program,individuals' compa-ratio represents their:

• A) pay relative to performance of other workers in the industry.
• B) pay relative to average pay.
• C) comparable worth versus others.
• D) ratio of pay to benefits.
• E) the average worth of the skills possessed by the individual.

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Definitions:

HRM Function

A series of strategic and coherent processes concerning the management of organizational human resources, focusing on recruitment, management, and providing direction for the people who work in the organization.

Performance Appraisal

A formal evaluation process in which an employee's job performance is assessed, typically by their supervisor, against a set of established criteria.

Employee Orientation

A process for introducing new employees to their job roles, their coworkers, and the culture and policies of the workplace.

Training And Development

A process aimed at improving employees' skills and knowledge for better performance in their current or future job roles.