assignment: chapter 09: managing compensation\nusing your knowledge of job - evaluation methods, complete…

assignment: chapter 09: managing compensation\nusing your knowledge of job - evaluation methods, complete the following table by matching the job - evaluation methods with the given definitions.\ndescription\tmethod\ndoes not provide a precise measure of the jobs worth\tjob ranking system\nfor evaluating executives, managers, and professionals\ndirect compensation to work pivotal to company goals\njobs grouped according to grades\nprovides a more refined method of making judgments\nselect the best answer from among the alternatives below.\nafter a marked uptick in the consumer price index, sibis employer gives her a cost - of - living raise most likely to:\n - create information for a wage survey.\n - help sibi maintain her purchasing power.\n - comply with government regulations.\n - inspire sibi to perform at higher levels.

assignment: chapter 09: managing compensation\nusing your knowledge of job - evaluation methods, complete the following table by matching the job - evaluation methods with the given definitions.\ndescription\tmethod\ndoes not provide a precise measure of the jobs worth\tjob ranking system\nfor evaluating executives, managers, and professionals\ndirect compensation to work pivotal to company goals\njobs grouped according to grades\nprovides a more refined method of making judgments\nselect the best answer from among the alternatives below.\nafter a marked uptick in the consumer price index, sibis employer gives her a cost - of - living raise most likely to:\n - create information for a wage survey.\n - help sibi maintain her purchasing power.\n - comply with government regulations.\n - inspire sibi to perform at higher levels.

Answer

Brief Explanations:

  1. Job ranking system: It is a non - quantitative method and thus does not provide a precise measure of a job's worth.
  2. Factor - comparison method: Commonly used for evaluating executives, managers, and professionals as it considers multiple factors.
  3. Merit - pay system: Directly compensates work that is vital to company goals by rewarding performance.
  4. Job - grading system: Jobs are grouped according to grades based on similar levels of difficulty, responsibility etc.
  5. Point - factor method: Provides a more refined method of making judgments as it assigns points to different job factors. For the multiple - choice question, a cost - of - living raise is given to help an employee maintain their purchasing power when the consumer price index rises.

Answer:

  1. Does not provide a precise measure of the job's worth: Job ranking system
  2. For evaluating executives, managers, and professionals: Factor - comparison method
  3. Direct compensation to work pivotal to company goals: Merit - pay system
  4. Jobs grouped according to grades: Job - grading system
  5. Provides a more refined method of making judgments: Point - factor method Multiple - choice: Help Sibi maintain her purchasing power.