Brenda, the chief technical officer of a telecommunications company, is a member of the Golden Scion Country Club, one of the most exclusive country clubs in the United States. Having a membership in such country clubs is usually expensive. It is, however, free of cost for Brenda as it is paid for by her company. In the given scenario, which of the following options best describes the membership given to Brenda by her company?
Which of the following is true of an organization's pay-for-knowledge approach?
Pay compression is least likely to develop when the market rate for starting salaries increases at a rate faster than an organization can raise pay for individuals who are already on the payroll.
In the context of mandated employee benefits, the government pays the cost of workers' compensation insurance.
Grenstall Inc., a software development firm, has adopted a new job-evaluation system in which managers are asked to objectively quantify the value of eight to ten compensable factors of each job in the organization. These compensable factors are based on their importance to that particular job and may include skill, physical effort, mental effort, and responsibility so forth. In this system, jobs are compared against a standard of key ratings. Which of the following job-evaluation systems is Grenstall Inc. most likely using in the given scenario?