Study Guide Human Resource Management

Exam 4 Study Guide- Chapter 11 Chapter 11 1. Pay-structure (p 501) The relation manufacture of incompatible line of businesss ( subcontract structure) and how much they are gainful ( stipend level). 2. Job Structure (p 501) The relative pay of stemmas in an organization. elicit be defined as the relative deserving of respective(a) jobs in the organization, based on these types of internal comparisons a. Job rating An administrative procedure utilize to measure internal job worth. Based on paid factors (The characteristics of jobs that an organization values and chooses to pay for) and a weighting intent base on the immensity of individually factor to the organization. b. The consign Factor System afterwards generating scores for each remunerative factor on each job, job evaluators often defy a weighting abstract to account for the differing importance of the factors to the organization. 3. power wage theory (p 505) A theory stating that wages set worker productivity. 4. Rate Ranges (p 506) opposite employees in the same job may have distinguishable pay rate. 5. Key Jobs (p 506) benchmark jobs, practised in pay surveys, that have relatively constant content and are roughhewn to many organizations. 6.

Nonkey Jobs (p 507) Jobs that are rummy to organizations and that cannot be directly set or compared through the use of market surveys. 7. Pay policy line (p 509) A numeric expression that describes the relationship between a jobs pay and its job rating points (trend line). 8. Pay Grades (p 510) Jobs of similar worth or content separate together for pay validation purposes. Advantages are that t! he administrative centre of setting separate rates of pay for hundreds or polar jobs is reduced. Permits greater flexibility in moving employees from job to job without raising concerns. Disadvantage is most jobs will be underpaid and others overpaid. Could loan to higher labor be and potential difficulties in competing in the product...If you want to get a full essay, order it on our website: OrderEssay.net

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