Match the following.
| List-I (Industry Profession) | List-II (Pay Plan) |
| a. A pay plan in which most employees are part of the same compensation system | 1. Elitest pay system |
| b. A pay plan in which different compensation system are established for employees or groups at different organisational levels | 2. Skill based pay |
| c. A pay system in which employees are paid on the basis of the jobs they can do | 3. Egalitarian pay system |
| d. The perceived fairness of the pay structure within a firm | 4. Internal equity |
A. a-1, b-2, c-3, d-4
B. a-3, b-1, c-2, d-4
C. a-1, b-3, c-2, d-4
D. a-3, b-2, c-1, d-4
Answer: Option B
This Question Belongs to Management >> Human Resource Management (HRM)
Related Questions on Human Resource Management (HRM)
The meaning of the acronym HRM is
A. Human Relations Management
B. Humanistic Resource Management
C. Human Resource Management
D. Human Resourceful Management
A. A staff functions
B. A line function
C. A staff function, line function and accounting function
D. All of the above
Finding ways to reduce ________ is a key responsibility of management.
A. Dissatisfaction
B. Uncertainty
C. Stress
D. None of the above
The ________ and control systems should be altered to support the strategic human resource function.
A. Appointment
B. Reward
C. Job allotment
D. None of the above
Join The Discussion