Comp and Ben Quiz 2

Systematic process of identifying and determining the responsibilities, requirements, and nature of a job in detail

It is an internal document that specifies the requirements for a new position, including the required skills, role in the team, personality, and capabilities of a suitable candidate

It is the process of placing one or more jobs into a cluster or family of similar positions.

What is/are the importance of Job Analysis?

• Determines who to terminate

• Determine the content of a job and its value to the company to offer fair compensation packages

• Improve decision-making when recruiting and hiring new employees by easily tracking candidates with the required qualities and qualifications for the job

• Determines how the business will expand

It is the behaviors that represent either outstanding or unacceptable performance.

It is the systematic process of determining the relative value of different jobs in an organization.

What are the different job evaluation methods?

• Ranking method

• Point-factor method

• Factor-comparison method

• Business venture

It is based on an employee’s demonstrated mastery of a series of competencies that make them more valuable to the business

It is the compensation strategy that rewards employees based on their acquisition and demonstration of specific skills, competencies, or certifications, rather than their job titles, roles, or years of experience.

It is the pay structure in which an employee is paid for the skills, knowledge and market relevance he or she possesses.