Reference no: EM133156778

What is a market line?

A line that shows the median pay level for a series of jobs as determined by pay surveys

A line that shows the median pay level for a series of jobs as determined by job evaluation points

The line that describes the relationship between job rankings and job classifications

A line that shows the relationship between two job values-one determined by job evaluation points and the other determined by pay survey rates

Review the following pay adjustment matrix and use it to answer the following question.

Employee's Performance Rating	Employee's Current Pay Level
	First Quartile	Second Quartile	Third Quartile	Fourth Quartile
Exceeds Expectiations	4-6%	3-5%	1-3%	0-2%
Meets Expectations	3-5%	1-3%	0-2%	0-1%
Below Expectations	0%	0%	0%	0%

Syd makes $50,000 per year. Which of the following raises would be appropriate if Syd has a performance rating of "Meets Expectations" and is in the second quartile of his pay grade?

$450 per year

$1,000 per year

$3,000 per year

$4,000 per year

When developing a pay-for-performance system, organizations must answer which of the following questions? Check all that apply.

Does the plan have five or more levels of key performance indicators?

Does the plan fit the organization?

Does the plan require manager input?

Does the plan reward appropriate actions?

When deciding on critical success factors for an organization, what should you do?

Identify success factors that no other companies have.

Change success factors at least once a year, and preferably every 6 months.

Make the success factors as hard as you possibly can.

Keep the number of success factors you choose small (between three and five).