C17 Sample Questions Answers

Linear regression

Summary statistics

Maturity curves

Easy to understand and explain, aligned with internal equity, accurate for all types of jobs, provides high degree of transparency

May be difficult to obtain data, may not be aligned with internal equity, not defensible on job content basis, may be overly time consuming

Simple to administer and update for currency, responsive to the market, not overly time consuming compared to other methods, high degree of transparency

Based on job content, provides flexibility for job evaluation, accurate for all types of jobs, requires less market data

Any market inequities are built in

Simple to administer

TAkes into consideration the company's perceived value of a job

Legally defensible based on job content.

Convey a different message to different employees

Align with individual goals

Encourage secrecy

Convey a consistent message, align with mission, vision, and business strategy, encourage feedback, follow-up on feedback

Spot bonuses

Performance bonuses

Incentive bonuses

Performance sharing

A physical representation of an object

A software application used for data analysis

A type of job analysis

A representation of part of reality, used to understand relationships between data sets

Below the minimum wage

The median salary range

Above the median salary range

At the maximum salary range

Setting pay at mid-year anticipated market level

Setting pay below market levels

Setting pay above market levels

Setting pay at current market levels

Compensation, benefits and work-life programs.

Base pay plus short-term variable pay.

Compensation and health care benefits

Statement of what the organization believes about how people should be rewarded.

Statement of what the organization believes about its products and services.

Statement of what the organization believes about its competitors.

Statement of what the organization believes about its customers.

Any market inequities are built in

Simple to administer

Takes into consideration the company's perceived value of a job

Legally defensible based on job content

The process of analyzing internal pay data to determine the prevailing rates of jobs in the organization.

The process of analyzing external pay data to determine the pay for individual employees.

The process of analyzing internal and external pay data to determine the pay for individual employees.

The process of analyzing external pay data to determine the prevailing rates of jobs in the market.

The average market pay level

The highest market pay level

The lowest market pay level

A line of best fit of market pay levels for each grade based on the benchmark jobs

The minimum pay rate for a job

The maximum pay rate for a job

The range of pay rates for a job

The midpoint pay rate for a job

By offering poor benefits

By offering a toxic work culture

By offering no work flexibility

By providing benefits, company cultures, work flexibility, or career development opportunities

Collecting information about the company's financials

Identifying the company's best and worst employees

Benchmarking against competitors' pay practices

Conducting internal surveys of employee satisfaction

Company's financial equity

Employee engagement level

Employee perceptions and consistency, views of fairness

Market competitiveness

Provides key competitive information on how the organization's compensation levels compare to the market.

Provides a clear understanding of the organization's business strategy.

Provides key competitive information on the organization's products and services.

Provides information on the organization's employee demographics.

Customer information

Financial information

Information related to individual employees

Marketing materials

To establish a hierarchy of job titles within an organization

To determine an employee's overall worth to the organization

To ensure external equity among positions and groups of positions

To determine internal equity among positions and groups of positions

Focus on broadly defined job roles

Focus on individual employees with specific skills

Focus on internal value to the organization