Ramon Inc ,A Software Company,uses Job Evaluations to Establish the Value

question 95

Multiple Choice

Ramon Inc. ,a software company,uses job evaluations to establish the value of its jobs in terms of criteria such as their difficulty and their importance to the organization.The company then compares the evaluation points awarded to each job with the pay for each job.If jobs have the same number of evaluation points,but are not paid equally,the pay of the lower-paid job is raised.Based on the scenario,identify the policy adopted by the company.

• A) comparable-worth policy
• B) minimum wage policy
• C) average pay policy
• D) merit pay policy
• E) piecework rate policy

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Definitions:

C$1.0339

Specified value, possibly representing the exchange rate of 1 Canadian dollar to another currency at a certain point in time.

US$1.00

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€0.0211

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