Alejandro Martinez is responsible for setting up the pay structure for his company. He believes that newly hired employees should not be paid as much as established employees. Which type of pay structure should Mr. Martinez use?
A) broadbanding
B) sales incentives
C) two-tiered
D) merit pay
Question 2________ makes sure that employees have at least a minimally acceptable level of skill proficiency upon completion of a training unit.
FIll in the blank with correct word.
Question 3The HR manager of a company thinks that they have too many narrow pay grades within the organization. By getting the support from upper management,
the manager decided to consolidate existing pay grades and ranges into fewer pay grades and broader pay ranges in order to create a flatter organization in terms of compensation. This is an example of which pay structure variation?
A) broadbanding
B) two-tier pay system
C) pay compression
D) multiple-tier pay system
Question 4This term describes a set of skills necessary to perform a specific job or a group of similar jobs.
A) skill range
B) skill grade
C) skill block
D) skill structure
Question 5Which of the following is a major challenge in setting up skill-based pay programs?
A) determining the number of skill blocks
B) convincing shareholders that this type of pay system can facilitate competitive advantage
C) demonstrating that the benefits of adopting a pay-for-knowledge program outweighs the costs
D) pricing individual skill blocks
Question 6Typically, what is the number of skill blocks used in skill-based pay programs?
A) 1
B) 1 to 2
C) 1 to 3
D) 2 or more
Question 7________ is a form of compensation based upon a percentage of the selling price of a product or service.
FIll in the blank with correct word.
response?
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