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What Are Compensable Factors and Why Are They Important?


6.3 Types of Pay Systems – Human Resource Management

These can range from leadership ability to specific responsibilities and skills required for the job. Once the compensable factors are determined, each is given ...

Using the Point Factor Method to Establish Pay Rates | myHRcounsel

Compensable factors form a basis for judging job value and should represent elements common to the jobs you wish to evaluate. The compensable ...

Chapter 8 - Compensation and Benefits Flashcards | Quizlet

The points given to a specific job are called compensable factors. These can range from leadership ability to specific responsibilities and skills required for ...

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

The goal of these article reviews is to identify the internal and external compensable factors in order to create a win-win situation for both ...

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

Answer to: Compensable factors are concrete terms relating to the necessary education, skill, and work experience for compensation at a particular...

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 ...

Which of these is a compensable factor? A) gender B) responsibility ...

Gender and age are not compensable factors and should not influence compensation due to equal opportunity and anti-discrimination laws.

Compensable Factors - Their use in defining jobs and pay scale.

Each compensable factor is normally assigned a weight of importance. There are normally between 5 and 12 compensable factors. The Equal Pay Act of 1963 ...

Compensable Factors - SmartHCM

Compensable factors are criteria used to evaluate and determine the salary for a job within an organization. They help create a fair and equitable pay.

What important factors do you look at when evaluating a job offer?

Compensation, obviously: a) is my particular experience factored in? b) is it on par with comparably sized companies in that area? c) where in ...

A _____ system is composed of compensable factors and a ... - Brainly

A job-based pay system is the one composed of compensable factors and a weighting scheme based on the importance of each compensable factor to the organization.

Compensable Factors in a Job Evaluation

A few employees in nearly every workplace truly stand out from their peers in their productivity and work ethic. These are the people who quickly master their ...

5 Essential Factors for Determining Compensation

Examine market salary rates based on job title, responsibilities, and location. Workers with similar, or even the same job title can receive vastly different ...

8 Key Factors That Affect Compensation - McKnight Associates, Inc.

Education and experience are significant factors that determine an employee's compensation. Generally, higher levels of education and more experience result in ...

What factors affect the compensation of an employee in an industrial ...

The Job Market. The company is competing with other companies for the services of employees so pay levels have to be sufficient to attract and ...

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 ...

Job Evaluation: Point Method - HR Guide

A set of compensable factors are identified as determining the worth of jobs. Typically the compensable factors include the major categories of: Skill ...

The 8 Key Factors Affecting Compensation - HR Certificates

The main reason that different jobs have different pay rates is that certain workers are more necessary than others to achieve the organization's goals.

Choosing Job Evaluation Method and Compensable

Go Premium today. View Full Document. Already Premium? Sign in here. Introduction - Job Evaluation Choice & Compensable Factors ... These are extremely important ...

Job Evaluation | ERI DLC

In a sense, choosing compensable factors is the heart of job evaluation. Not only do these factors place jobs in the organization's job hierarchy, but they also ...