Governance
ID or email
Instructions: Choose an answer for each question and then click on the "Get Results" button at the end of the quiz.
1. Choose the market position that matches the following description: The company’s pay philosophy will stay ahead of the market the first half of the year, then fall behind the market. A. Lead B. Lead-lag C. Lag D. Leap
2. In base pay structure design, what data does the job evaluation step provide? A. Information about the nature and level of work B. Written information about job content, functions and KSAs C. Data that can be used to create a job worth hierarchy D. Information about where each job fits, relative to other jobs
3. In market pricing, job rates are set based on what criterion? A. How a job is valued internally B. A company’s best estimate of typical wage rates in the external market C. A company’s data regarding current internal wage rates D. How a job is classified when compared to other jobs within the structure
4. Which of the following terms refers to the act of placing a job into a job worth hierarchy? A. Pay range B. Market rate composite C. Slotting D. Pay policy
5. What is usually located in an HRIS? A. Information related to individual employees B. Information related to groups of employees C. Spreadsheet applications useful for gathering and sorting information
6. A majority of surveys are reported in what format? A. Linear regression B. Summary statistics C. Maturity curves
7. How do you measure the market for high-demand jobs? A. Focus on broadly defined job roles B. Focus on individual employees with specific skills C. Focus on internal value to the organization
8. As a general rule, salary survey information is expected to reflect the marketplace to within plus or minus of what percent? A. 20% B. 10% C. 5%
9. Which of the following is true when aging data over two calendar years? A. Combine into one factor, then age B. Age both years first, then subtract the second year C. Age one year first, then age the second year
10. Which of the following is the definition of blending? A. The process of allocating emphasis to a particular job and combining two or more salary surveys B. The process of using market rates for two or more jobs to establish market rate for a single job C. Analyzing a blend of data (scope, industry, location, etc.) to determine worth of a position
Print