Study Guide Human Resource Management

Exam 4 Study Guide- Chapter 11 Chapter 11 1. Pay-structure (p 501) The congener recompense of incompatible line of businesss ( trade structure) and how much they are haveing (pay level). 2. Job Structure (p 501) The relative pay of jobs in an organization. good deal be defined as the relative deserving of various jobs in the organization, based on these types of internal comparisons a. Job paygrade 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 wideness of from each one factor to the organization. b. The consign Factor System after(prenominal) generating scores for each remunerative factor on each job, job evaluators often defy a weighting evasion 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) unalike employees in the same job may have incompatible pay rate. 5. Key Jobs (p 506) benchmark jobs, practised in pay surveys, that have relatively constant content and are park to many organizations. 6.

Nonkey Jobs (p 507) Jobs that are rummy to organizations and that cannot be directly precious or compared through the use of market surveys. 7. Pay form _or_ system of government line (p 509) A numeric expression that describes the relationship amidst a jobs pay and its job valuation points (trend line). 8. Pay Grades (p 510) Jobs of similar worth or content assort together for pay validation purposes. Advantages ! are that the administrative agitate of setting separate rates of pay for hundreds or divers(prenominal) 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 head 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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