Establishing Strategic Pay Plans

A. group similar jobs
B. price each pay grade
C. fine tune pay rates
D. determining the worth of each job

A. working capital
B. human capital
C. compensation capital
D. size of working capital

A. intuitive approaches
B. systematic approaches
C. mathematical approaches
D. logical approaches

A. job description
B. job specification
C. job evaluation
D. ranking method

A. internal equity
B. external equity
C. collective equity
D. individual equity

A. long-term incentives
B. short-term incentives
C. pay scale
D. ranking jobs

A. base pay
B. short-term incentives
C. executive benefits
D. long-term incentives

A. job complexity
B. employer’s ability to pay
C. executive’s human capital
D. all of above

A. direct financial payments
B. non direct financial payments
C. direct compensation
D. bonuses

A. obtain job information
B. select and group jobs
C. select compensable factors
D. rank jobs