Chapter 9

Question 1

Job evaluation

Answer 1

Systematic process of assessing job content and ranking jobs according to a consistent set of job characteristics and worker traits

Question 2

Job ranking

Answer 2

Form of job evaluation in which jobs are ranked subjectively according to their overall worth to the organization

Question 3

Job grading

Answer 3

A form of job evaluation that assigns jobs to predetermined job classifications according to their relative worth to the organization

Question 4

Point system

Answer 4

A form of job evaluation that assesses the relative importance of the job’s key factors in order to arrive at the relative worth of jobs

Question 5

Internal vs external equity

Answer 5

Perceived equity of a pay system in an org

Perceived fairness in pay relative to what other employers are paying for the same type of work

Question 6

Key job

Answer 6

Job that is similar and common in the organization and its labour market

Question 7

Red/silver/gold/green-circled rates

Answer 7

Red=higher than established pay rate (e.g. premium paid for hard to find workers)
Silver=higher than the max for long tenured employee
Gold=higher than the max for merit pay
Green=lower than the minimum (e.g. trainee)

Question 8

Compa-ratio

Answer 8

Index that indicates how an individual’s or group’s salary relates to the midpoint of their relevant pay grades

Question 9

Equal pay for work of equal value vs.

Equal pay for equal work

Answer 9

Equal pay for men and women in jobs with comparable content

Equal rates for all employees performing the same kind/amount of work