T3: Internal Alignment - determining the pay structure Flashcards

1
Q

What is Internal Alignment? (def)

A

Internal alignment refers to pay relations among different jobs or skills in the company.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

IMPT - The r/s that for a pay structure for IA should…(3)

A
  • support the org strategy
  • Support the work flow
  • Motivate behaviour towards org objectives
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is Pay structure?

A

Pay structures refers to the array of pay rates for diff work or skills within an org.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

IMPT- An internal pay structure can be defined by…(3)

A
  1. No. of levels of work
  2. Pay differentials between the levels
  3. Criteria used to determine those levels and credentials
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

IMPT- What is 1. Number of Levels

A
  • pay structure is hierarchical, based on no. of levels and reporting r/s
  • Some more hierarchical multiple levels, some more compressed w few levels
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

IMPT- What is 2. Differentials

A
  • The pay diff among levels

- Intention of differentials is to motivate ppl to strive for promotion to a higher-paying level

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

IMPT- What is 3. Criteria (Content and Value)

A
  • content refers to the work performed in a job and how it gets done
  • value refers to the worth of the work; its relative contribution to the org objectives
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Jobs ranked w structure based on content are based on:

A
  • skills required
  • complexity of tasks
  • problem-solving
  • responsibility
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are the two structures (from this thingy idk)

A

Job-based structure relies on the work content

Person-based structure shifts the focus to the employee

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

IMPT- External Factors

the four external factors are…

A
  1. Economic pressures
  2. Government policies, laws and regulations
  3. Stakeholders
  4. Cultures and customs

(EGSC)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

IMPT- Organizational Factors

what are the 6 Org factors?

A
Strategy
Technology
Human Capital
HR Policy
Employee Acceptane
Cost Implications

(STHHEC)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

IMPT- The two Strategic choices in Designing Internal Structures are..

A
  1. Egalitarian - fewer levels, small pay differentials

2. Hierarchical - Many levels, large pay differentials

How well did you know this?
1
Not at all
2
3
4
5
Perfectly