The Hay Guide Chart Profile Method of weighing compensable factors in a job is best used when establishing a:
A) skill-based compensation system.
B) job-based compensation system.
C) performance-centered compensation system.
D) variable pay compensation system.

Question

Quizplus · Accepted Answer

The Hay Guide Chart Profile Method is a job evaluation method that is used to weigh compensable factors in a job. It is best utilized when establishing a job-based compensation system, which involves determining the pay for jobs based on their relative internal value. This method is not typically used for skill-based or performance-centered compensation systems or variable pay compensation systems.

The Hay Guide Chart Profile Method of Weighing Compensable Factors