C236 Compensation & Benefits fully solved 2024/2025

C236 Compensation & BenefitsInternal Reward Alignment - answer The extent to which an organization's Total Rewards System aligns each employee's rewards with those received by others in the organization. Job-based approach - answer to internal reward alignment assumes that organizations provide rewards based upon the job that a person holds. Individual-based approach - answer assumes that rewards should be based upon the characteristics of the person holding a job. Performance-based approach - answer assumes that rewards should be based upon the performance or results produced by an employee. Job structure - answer A Job Structure is an organized listing of the business's jobs that functionally groups and hierarchically arranges the jobs for rewards purposes. Job-value structure - answer represents the structure of jobs internally positioned according to their relative value. Job analysis - answer yields a catalogue of job descriptions. Job descriptions - answer that detail the work done in the organization. Compensable Factor - answer Job elements or criteria that identify what the organization values for purposes of job evaluation. Identifying compensable factors is step one in the Point factor Approach. Benchmark Jobs - answer Sample of jobs that is representative of the type, content and level of jobs in the organization.