Compensable Factors Are Employees Job Characteristics That

They must be observable. For example following could be the compensable factors for preparing a job description-1.

Factors Determining The Amount Of Compensation Compensation Human Resource Management Factors

Compensable factors can be thought of as the job-related contributions of employees.

. The Equal Pay Act of 1963 has defined 4 most basic compensable factors. They refer to the factors that are important for setting the two-tier wage system. These 10 elements describe the specific job requirements in terms of compensable factors 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.

Compensable factors are the characteristics of jobs that an organization values and chooses to pay for. The company is willing to pay for. These characteristics may include job complexity working conditions required education required experience and responsibility.

Extreme factors Characteristics of appropriate compensable factors When selecting compensable factors to use in job evaluation the Economic Research Institute identifies the following 7 characteristics that need to be satisfied for the factors to be effective. Includes education experience complexity working conditions responsibility. They must be present in all jobs.

There are usually 5 to 12 compensable factors in any evaluation procedure. The job characteristics that an organization deems valuable and decides to pay for are termed as 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.

Also assume that employees of the company are expected to work for on average 15 more years and that because of a staff shortage and busy work demands no employees are expected to use vacation leave in the next year. The compensable factors are different for different evaluations. A factor found in equal amounts in all jobs would not have value as a basis of comparison.

Compensable factors are the characteristics of a job that a company _____. Job evaluation and compensable factors directly affect job structure relative value of jobs. They are used to ensure equity among employees.

The characteristics of a job that the organization values and chooses to pay for. They need to fit the organization. They must be present in all jobs.

Organizations design jobs to meet their goals and to fit their technology culture and values. What they meanwhat they are. Effort skill responsibility and working conditions.

They must be observable. COMPENSABLE FACTORS FOR CLUSTERS 1. Superior service quality as perceived by their customers Less errors less occupational injuries and accidents More innovative work behaviors better rated by supervisors in terms of effectiveness and job performance Customer satisfaction and loyalty profitability.

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. Do not motivate employees to work better D. The four major factors are skill effort responsibility and working condition Long 2013 p.

The company is willing to pay for. Examples of Compensable Factors. Actual evaluation of job requires deep understanding of all compensable factors and all job requirements.

Assume a company has a policy that unused vacation leave can be carried over from year to year if not used. Common job characteristics that an organization is willing to pay for such as skill effort responsibility etc. They need to be definable and measurable.

Do not motivate employees to work better D. Compensable factors are job characteristics that an organization values and chooses to pay for. Which one of these variables is used to measure compensable risk in the capital asset pricing model CAPM Assume a company has a policy that unused vacation leave can be carried over from year to year if.

Compensable factors are employees job characteristics that A. Go unrecognized by the company C. Primarily lead to intrinsic motivation E.

This factor evaluates the complexity of duties in. The Table-1 shows that for evaluating blue collar jobs compensable factors are sub-categorized into skill effort responsibility and knowledge and based on the intensity of each compensable factor required for any job they are further categorized into four. Compensable factors can be thought of as the job-related contributions of employees.

Primarily lead to intrinsic motivation E. Options Compensable factors Employee compensation Pays ranges Variable-pay. Question 27 1 pts Which of the following statements is true of compensable factors.

Go unrecognized by the company C. Choose from 0 different sets of Compensable factors are employees job characteristics that flashcards on Quizlet. Learn Compensable factors are employees job characteristics that with free interactive flashcards.

Compensable factors are employees job characteristics that. Taken together engag ed workers seem to be able and willing to go the extra mile Better performance. The factor must vary across the company.

They need to be definable and measurable. They are the characteristics of a job that a. They are generally statistically derived.

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