Establishing Strategic Pay Plans

A. mission
B. vision
C. strategic goals
D. compensation strategy

A. alternation ranking method
B. point method
C. ranking method
D. job classification

A. short-term of shareholder value
B. long-term shareholder value
C. economic value added
D. managerial job evaluation

A. time based pay
B. performance based pay
C. bonuses
D. salary incentives

A. HR strategy
B. performance appraisal
C. aligned reward strategy
D. aligned compensating strategy

A. pay plan based on knowledge
B. pay plan based on title of job
C. pay plan based on tenure
D. pay plan based on performance

A. employer’s ability to pay
B. employer’s ability to hire
C. employer’s ability to train employees
D. employer’s ability to grow

A. job classification
B. job evaluation method
C. job ranking technique
D. pay ranges

A. skills
B. efforts and responsibility
C. knowledge
D. accountability

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