Compensable Factors Are Employees Job Characteristics That

They are used to ensure equity among employees. Compensable factors can be simply understood as the criteria used to evaluate a job and on the basis of which salarywages of the employee is computed.

Factors Determining The Amount Of Compensation Compensation Human Resource Management Factors

They represent the aspects that a company values and are willing to pay for.

. Compensation management specialists call these basic factors as compensable factors. Question 27 1 pts Which of the following statements is true of compensable factors. They are the factors that establish how the jobs are compared to one another and which ultimately determines the remuneration package for each job.

Compensable factors are job characteristics that an organization values and chooses to pay for. What they meanwhat they are. Asked Jan 26 2020 in Business by missmoo.

Primarily lead to intrinsic motivation E. Compensable Factors and Sub factors Compensable factors are the characteristics of jobs that are valued by the organization and that are different from other jobs that help the organization to pursue its strategies and achieve its objectives Long 2013 p. Compensable factors are usually determined and defined based on the values and objectives.

The independent variables are the job incum- bents human capital and other personal characteristics and the job characteristics job points on the 13 compensable factors associated with the job that the incum- bent holds. Compensable factors are the criteria used in evaluating a job and determining the salary level a particular. Which of the following is the most widely used method in job evaluation that yields scores for each compensable factor.

Options Compensable factors Employee compensation Pays ranges Variable-pay systems Common job characteristics that an organization is willing to pay for such as skill effort responsibility etc. Compensable factors can be thought of as the job-related contributions of employees. Compensable factors are employees job characteristics that.

Therefore compensable factors are typically identified and classified based on the companys values and culture. They are generally statistically derived. Compensable factors are classified into soft skills and hard skills.

Organizations design jobs to meet their goals and to fit their technology culture and values. Job evaluation and compensable factors directly affect job structure relative value of jobs. Go unrecognized by the company C.

They refer to the factors that are important for setting the two-tier wage system. Includes education experience complexity working conditions responsibility. COMPENSABLE FACTORS FOR CLUSTERS 1.

Therefore compensable factors are typically identified and classified based on the companys values and culture. Choose from 0 different sets of Compensable factors are employees job characteristics that flashcards on Quizlet. Is called Compensable factors.

The characteristics of a job that the organization values and chooses to pay for. The dependent variable is the pay that the job incumbent actually receives. The four major factors are skill effort responsibility and working condition Long 2013 p.

Benefits of compensable factors. When building a work hierarchy to define a salary structure these elements are utilized to establish job value. Common job characteristics that an organization is willing to pay for such as skill effort responsibility etc.

Compensable factors are the characteristics of jobs that an organization values and chooses to pay for. The company is willing to pay for. Do not motivate employees to work better D.

The job characteristics that an organization deems valuable and decides to pay for are termed as compensable factors. Compensable factors are job characteristics that an organization values and chooses to pay for. They need to fit the organization.

It is like the organization is willing to pay based on certain must have competencies or other eligibility factors. These 10 elements describe the specific job requirements in terms of compensable factors. This factor evaluates the time usually required for a person with a specified education or knowledge base to acquire the necessary ability to competently perform the major aspects of the job under normal circumstances.

The company is willing to pay for. Compensable factors are the criteria used in evaluating a job and determining the salary level a particular job is due. They represent the aspects that a company values and are willing to pay for.

Learn Compensable factors are employees job characteristics that with free interactive flashcards. They are the characteristics of a job that a. Consequences of work engagement Positive job-related attitudes health and well-being extra-role behavior and job performance Commitment to the organization less absenteeism and intentions to leave the organization Positive emotions very good mental and psychosomatic health particularly when compared with workaholics Personal initiative and strong motivation.

You can use these factors to gauge whether the job description properly captures the job and you can use these factors to help gauge the level of compensation that is appropriate as well as the exemptnonexempt status of the position. These characteristics may include job complexity working conditions required education required experience and responsibility. Compensable factors are simply the criteria used to evaluate a job and on which the employees salarywages are calculated.

Compensable factors are employees job characteristics that. They must be observable. Has decided to use the factor comparison technique for job evaluation.

They are often identified and specified following the organizations goals and objectives. This factor evaluates the complexity of duties in.

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