With Regard to Compensation Programs,dissatisfaction Can Arise Because Employee Needs

question 144

Multiple Choice

With regard to compensation programs,dissatisfaction can arise because employee needs are affected by

• A)absolute rates of pay only
• B)corporate culture
• C)relative rates of pay only
• D)job analysis
• E)both absolute and relative rates of pay

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Definitions:

Broad Bands

Refers to wide salary ranges within an organization, allowing for significant variation in pay linked to job performance or market rates.

Job Structure

The organized framework of a job's relative position within an organization, based on responsibilities, complexity, and skills required.

Promoting Employees

The act of elevating an employee's position within the company, usually involving increased responsibilities and pay.

Skill-Based Pay System

A compensation strategy where employees' pay rates are determined by their skills, knowledge, and certifications rather than their job titles or positions.