Common job characteristics that an organization is willing to pay for,such as skill,effort,responsibility,and working conditions are termed:
A) workload standards.
B) benchmark jobs.
C) compensable factors.
D) ESOPs.

Question

Quizplus · Accepted Answer

Compensable factors are job characteristics that an organization is willing to pay for, such as skill, effort, responsibility, and working conditions. These factors are used to determine the relative worth or value of different jobs within the organization and to establish a fair and equitable compensation system. Workload standards refer to the specific amount of work or output that is expected from an employee, benchmark jobs are jobs used as a basis for comparison in determining pay rates, and ESOPs (employee stock ownership plans) are retirement plans that allow employees to own a portion of the company through stock ownership. None of these options are a correct description of compensable factors.

Common Job Characteristics That an Organization Is Willing to Pay