What Are Compensable Factors? [ Examples]

Compensable factors: Everything you need to know

Compensable factors are simply the criteria used to evaluate a job and on which the employees salary/wages are calculated.

Introduction to Point Factor Job Evaluation and the NPEP - HR Source

Examples of compensable factors include knowledge and skill requirements, need for problem solving and independent judgment, relationship responsibility, degree ...

Universal Compensable Factors, Hay Factors and Dimensions

Compensable factors simply refer to the factors of a job for which a company is willing to pay. Different types of job may contain different compensable factors ...

Select Compensable Factors - YouTube

The Equal Pay Act of 1963 uses four compensable factors: skill, effort, responsibility, and working conditions ... example, if your competitive ...

How Do You Determine a Job's Worth? - The Importance of Job ...

Point Factor- The quantitative method of selecting compensable factors (such as education, autonomy, and physical demands) that are important to the jobs at the ...

Compensable Factor Presentation | PDF - Scribd

It provides an example of an organization that identified 6 compensable factors - consequences of errors, communication skills, education/experience, technical ...

Compensable factors are concrete terms relating to the necessary ...

In other words, compensable factors are identified as a criterion to assess the job and determine the salary or wages of the employee based on the job's ...

Solved Identify the four major compensable factors used in - Chegg

Introduction :- Let us first understand the major compensable factors and job evaluation plans :- • Compensable factors help employers pay ...

Job Price Compensable Factors and Parameters: The Framework of ...

Findings: These compensable factors are typically linked to the organization's financial capacity and pay policy, the SKAOs held by job holders, ...

Compensable Factors - Prairie View A&M University

Compensable Factors. Point Values Assignment. Compensable ... Using the job description and job evaluation model, determine which degree definition for each.

Job Evaluation: Methods: Factor Comparison - HR Guide

A set of compensable factors are identified as determining the worth of jobs. Typically the number of compensable factors is small (4 or 5). Examples of ...

Solved Explain examples of compensable factors to | Chegg.com

Examples of compensable factors are: The type of work - whether easy or complex. Freedom of act, responsibility and accountability Spe… View the ...

6.3 Types of Pay Systems | Human Resource Management

The points given to a specific job are called compensable factorsThe aspects of a job that are assigned points in a point-factor system.. These can range ...

Classification and Compensation Reform Project - | DCHR

Sample. Page 15. Classification Interface with Compensation. Reconcile Internal and External Value. Market Data. Compensable factors evaluated for each job. ( ...

Choosing Job Evaluation Method and Compensable

Go Premium today. View Full Document. Already Premium? Sign in here. Introduction - Job Evaluation Choice & Compensable Factors ... For example, they have to ...

Job Evaluation: Point Method - HR Guide

Skill; Responsibilities; Effort; Working Conditions. These factors can then be further defined. Skill. Experience; Education; Ability. Responsibilities.

Chapter 8: Part 1 - Point Method System: Identifying and ... - YouTube

Chapter 8: Part 1 - Point Method System: Identifying and Scaling Compensable Factors. 24K views 9 years ago

Understanding Compensable Factors in Job Descriptions

... 1000 at Memorial University of Newfoundland. Define a compensable factor and give a few examples Solution These 10.

Compensation CH5 Job-Based Structures and Job Evaluation ...

- Recall that the compensable factors and weights are derived from a sample of benchmark jobs - Apply plan to remaining jobs, including those which may not ...

The 8 Key Factors Affecting Compensation - HR Certificates

8 Key Compensation Factors · Worker Productivity & Value To The Organization · Employer's Ability To Pay · Labor Union Requirements · Prevailing Wage Rates · Cost of ...