21-Competency-based pay plans are different from skill-based plans in that:

Select one:

a. competency-based plans do not allow for lateral movement

b. competency-based plans are a type of job-based pay structures

c. competency-based plans are applied only to blue-collar jobs

d. competency-based plans are not very specific; they are more general, paying for broadly applicable knowledge, skills and behaviour

e. competency-based plans eliminate the need to control costs

22-

_____ are characteristics of a particular work that an organization values, that help it pursue its strategy, and that achieve its objectives.

Select one:

a. Pursuable features

b. Factor weights

c. Factor degrees

d. Job benchmarks

e. Compensable factors

23-

_____ includes cash compensation, benefits, and relational returns.

Select one:

a. Total compensation

b. Total reward

c. Total base pay

d. Total cash benefit

e. Total incentive

24-

With respect to the criteria used to determine the number of levels of work and differentials, _____ refers to the work performed in a job and how it gets done.

Select one:

a. contribution

b. value

c. content

d. return

e. procedure

25-

Which of the following is true about human capital theory?

Select one:

a. It assumes that people are paid at the value of their reservation wage, not marginal product.

b. It assumes employers deliberately design pay levels to signal desired employee behaviours.

c. It assumes that job seekers have a reservation wage level below which they will not accept a job offer.

d. It assumes that improving productivity by investing in training will increase one's marginal product.

e. It assumes that high wages lower labour costs if they reduce the need to supervise employees.