Total Rewards (NonQuantitative)

Question 1

JOB Evaluation - what is it also known as?

Answer 1

After a job analysis, the next step is to evaluate the job or “price” it

Question 2

A job evaluation follows what step?

Answer 2

Job Analysis

Question 3

What is a compensable factor?

Answer 3

A requirement of the position that is considered important enough to assign a monetary value to it.

Question 4

What are examples of compensable factors?

Answer 4

• Experience Level
• Education Level
• Level of Responsibility
• Autonomy
• specific technology

Question 5

Name two Methods to Evaluate Jobs

Answer 5

• Nonquantitative
• Quantitative

Question 6

Nonquantitative Technique is also known was what?

Answer 6

Whole Job Methods

Question 7

Describe Whole Job Method

Answer 7

Skills and Abilities associated with the job tasks are assigned a value based on how much more or less it requires than other jobs in the company. (If it requires more skill than another job, then more money).

Question 8

Name three common nonquantitative methods

Answer 8

1. pricing method
2. classification method
3. ranking method

Question 9

Define Pricing Method

Answer 9

also known as the slotting method. A value is assigned to a job based on another job that is equal in requirements. (Like Secretary and administrative assistant)

Question 10

Define Classification Method

Answer 10

Separates each job into a category based on the tasks required of the job and then assigned a level of importantce.

Question 11

Define Ranking Method

Answer 11

This puts all of the positions in order from highest to lowest based on how important the compensable factors are