What are the steps in designing a point plan?
What will be an ideal response?
There are eight steps in the design of a point plan.
| 1. | Conduct job analysis. |
| 2. | Determine compensable factors. |
| 3. | Scale the factors. |
| 4. | Weight the factors according to importance. |
| 5. | Select criterion pay structure. |
| 6. | Communicate the plan and train users. |
| 7. | Apply to nonbenchmark jobs. |
| 8. | Develop online software support. |
You might also like to view...
Stores are using ________ to measure a product's handling costs from the time it reaches the warehouse until a customer buys it in the retail store
A) electronic data interchange (EDI) B) direct product profitability (DPP) C) radio-frequency identification (RFID) D) global positioning systems (GPS) E) compounded annual grown rate (CAGR)
IFRS permits the presentation of plant assets at their fair market value because ________.
A) U. S. GAAP requires this presentation B) fair market value may be more relevant C) fair market value is easier to compute than book value D) financial statements users are indifferent as to how plant assets are presented
Which of the following capital budgeting techniques typically ignores the time value of money?
a. payback period b. net present value c. internal rate of return d. profitability index
The best time to clean out a student’s study space is during final exams.
a. True b. False