In Building a Job-Based Compensation Plan,the Job Evaluation Process Is

question 117

Multiple Choice

In building a job-based compensation plan,the job evaluation process is designed to assess the:

• A) relative contribution of different jobs to the organization.
• B) relative value or contribution of individual employees to the organization.
• C) external equity of the system.
• D) specific tasks and duties required of the jobs in the plan.

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Definitions:

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Enrollment

The process of registering or being registered for a course, school, program, or an activity, often used in educational and institutional contexts.

Cost to Provide Services

The total expenses incurred in the delivery of services, including labor, materials, and overhead costs.

Decision Tree Tools

Analytical tools used in decision-making that use a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.