For Organizations Using a Skill-Competency-Based Pay System or Generic Job

question 22

Multiple Choice

For organizations using a skill-competency-based pay system or generic job descriptions,the best approach for pricing jobs is _____

• A) benchmark job.
• B) low-high.
• C) market pricing
• D) benchmark conversion

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Definitions:

TPS

A kind of information system, the Transaction Processing System, focuses on the accumulation, storage, modification, and retrieval of transactional data from an organization.

Data Volumes

Refers to the size or amount of data, often measured in bytes, generated, processed, or stored by a system or application.

CRM

Stands for Customer Relationship Management, a technology for managing all your company's relationships and interactions with current and potential customers.

Interorganizational

Pertaining to the relationships or dealings between different organizations.