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Your organization will be using the factor comparison technique in their evaluations of job performance. You need to communicate what the factor comparison technique accomplishes as you're the HR Professional for your organization. Which of the following best describes the factor comparison technique?
Suggested Answer: B
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Planning is the foundation for a manager to establish the goals of the organization. Answer option C is incorrect. The organization's mission statement communicates the direction, intent, and purpose of the organization. Answer option D is incorrect. Planning is to provide groundwork for the managers to achieve their goals, but for the organization to achieve its goals. Answer option A is incorrect. Planning, in project management, does provide direction to the project team to reach their goals, but in this context it's planning for the organization, not a project.
35 comments · newest first
GE
Gerry
10 months ago
Definitely a structured way to evaluate performance.
AL
Alesia
11 months ago
Wait, does this really determine pay rates? Sounds complicated!
RU
Rupert
11 months ago
Not sure if it’s the best method for all jobs though.
JU
Julio
11 months ago
I think it helps clarify job worth, totally agree!
MI
Millie
11 months ago
Factor comparison ranks job factors and assigns monetary values.
GI
Gilma
12 months ago
I’m leaning towards option A, but I recall that the technique also involves assigning values, so I might be missing something important.
SH
Shoshana
12 months ago
I practiced a similar question, and I feel like option D makes the most sense since it talks about determining a pay rate, which aligns with what we learned.
AL
Alberto
12 months ago
I think option B sounds familiar because it mentions assigning monetary values, but I'm not certain if it’s about bonuses or pay rates.
BO
Bobbie
1 year ago
I remember studying the factor comparison technique, but I'm a bit unsure about whether it focuses more on bonuses or pay rates.
LA
Lauran
1 year ago
I'm a little unsure about the details of the factor comparison technique. I'll need to think through each option and see which one aligns best with my understanding of how it works.
JU
Judy
1 year ago
Okay, I remember learning about factor comparison in class. I think it involves ranking the different factors of a job and assigning monetary values to them. Let me re-read the options to see which one captures that.
FA
Fallon
1 year ago
Hmm, this seems like a straightforward question about the factor comparison technique. I'll need to carefully read through the options and think about which one best describes what the technique accomplishes.
KA
Kallie
1 year ago
Ah, I've got this! The factor comparison technique is all about ranking the different compensable factors of a job and then assigning monetary values to each one. Option B seems to describe that process the most accurately.
JE
Jesusita
1 year ago
I remember there was a similar question on our practice exam about security bindings. Could it be that?
SA
Salome
1 year ago
Factor comparison technique? Sounds like a fancy way to play 'pin the tail on the job description'! But hey, at least it's not as confusing as trying to figure out the company's dress code policy.
MA
Margery
1 year ago
Ranking compensable factors, assigning monetary values, and determining job worth? Sounds like a job evaluation technique straight out of the HR textbook. I'm feeling pretty confident that option B is the correct answer here.
DE
Devon
1 year ago
Option B definitely seems like the best description of the factor comparison technique.
MI
Mireya
1 year ago
Yes, option B includes ranking factors, assigning values, and determining job worth.
DE
Desmond
1 year ago
I think you're right, option B covers all the aspects of the factor comparison technique.
RA
Raina
1 year ago
I agree, option B seems to be the most comprehensive choice.
LI
Lizbeth
1 year ago
A bonus structure, you say? Well, that's one way to spice up the factor comparison technique. But I'm not sure that's the primary purpose here. I'd go with option D to keep it simple and focus on determining the pay rate.
ER
Erasmo
1 year ago
Yeah, a bonus structure might add complexity. Option D seems like the most straightforward approach for using the factor comparison technique.
YA
Yaeko
1 year ago
I agree, keeping it simple with just determining the pay rate makes sense. It's important to stay focused on the primary purpose.
CO
Colene
1 year ago
I think option D is the best choice. It focuses on determining the pay rate, which is the main goal of the factor comparison technique.
RO
Roslyn
1 year ago
Hmm, this seems to be a systematic way to determine the value of each job. I like how it takes into account performance, history, and the worth of each factor. Looks like option B is the way to go here.
MA
Marisha
1 year ago
It's a thorough method that takes into consideration different aspects of job value.
TA
Tamar
1 year ago
Yes, it considers various factors to determine the worth of each job.
KA
Kasandra
1 year ago
I agree, option B seems to be the most comprehensive approach.
EM
Emelda
1 year ago
Ah, a factor comparison technique! Sounds like a job evaluation method straight out of the HR playbook. I guess they want to make sure we're not comparing apples to oranges when it comes to compensation.
CA
Carma
1 year ago
D) Factor comparison is an evaluation technique that involves the ranking of each compensable factor of each job. A monetary value is assigned for each factor to determine its worth. Based on performance, historical information, and value this approach determines a pay rate for each job.
JA
Jackie
1 year ago
B) Factor comparison is an evaluation technique that involves the ranking of each compensable factor of each job. A monetary value is assigned for each factor to determine its worth. Based on performance, historical information, and value this approach determines the importance and value of each job.
ED
Edwin
1 year ago
A) Factor comparison is an evaluation technique that involves the ranking of each compensable factor of each job.
MY
My
2 years ago
I believe the factor comparison technique helps in determining the pay rate for each job based on performance and historical information.
HO
Hoa
2 years ago
I agree with Melina. It also involves assigning a monetary value to each factor to determine its worth.
ME
Melina
2 years ago
I think the factor comparison technique is about ranking compensable factors of each job.