► MCQ Exam ON : Establishing Strategic Pay Plans
The relationship between value of job and average salary paid for this job is called
| 1) | wage curve | |
| 2) | salary curve | |
| 3) | job evaluation curve | |
| 4) | job description curve | |
| 5) | NULL |
(Complaint Here As Incorrect)
What is the relationship between employment and wages?
The closer the correlation number is to one, the stronger the relationship between employment and wages. An employment level change in Total, Retail Trade, Services, or Government should exhibit the same relative change in wages from year to year since the correlation number is close to one for these industries.
What is the relationship between job satisfaction and salary amongst newly hired employees?
The current study used meta-analysis to estimate the population correlation between pay level and measures of pay and job satisfaction. Cumulating across 115 correlations from 92 independent samples, results suggested that pay level was correlated . 15 with job satisfaction and . 23 with pay satisfaction.
Which step determines the wages and salaries of employees at different levels and positions in an Organisation?
Usually, the steps involved in determining wage rates involves performing job analysis, wage surveys, analysis of relevant organisational problems, forming wage structure, framing rules of wage administration, explaining these to employees, assigning grades and price to each job and paying the guaranteed wage.
What are the determination of wages?
A wage determination is a wage decision made to assign the appropriate rate of pay to employees in order to comply with contract-mandated rates based on the project, union, job, or location where work is performed.