1. Sylvia Taylor, the Executive Vice President of Human Resources at The Weather Channel, noted the importance of developing a compensation program that attracts and retains top talent through competitive compensation. To achieve this goal, The Weather Channel likely uses a(n) pay system. 2.The Weather Channel noted that it looks at market surveys from both within and outside of its industry. When developing market-competitive pay systems, using multiple compensation surveys is important for what reason?

a
There are many sources of surveys.
b
Most surveys focus only on employee benefits.
c
The method provides a more accurate picture of market practices.
d
All surveys use the same methodology and therefore have the same results.
e
Surveys only focus on compensation or employee benefits, so firms need at least two different surveys.

3. The video noted that The Weather Channel’s hiring strategy ensures the company hires employees at a competitive pay level. If we assume this means that it pays its employees about the same as competitors, it is using a pay level policy.

a
market lead
b
competitor lead
c
market lag
d
market match
e
competitor match

4.Sylvia Taylor, the Executive Vice President of Human Resources at The Weather Channel, discussed several dimensions of each job that are considered in the job analysis process. Given the size of the organization and the comprehensive job analysis process, the organization likely has hundreds of unique job descriptions. The Weather Channel can use benchmark jobs when examining data from compensation surveys to complete the process in a more cost-effective and less time-consuming manner. What is a key characteristic The Weather Channel should use in choosing benchmark jobs?

a
The jobs are uncommon in the labor market.
b
Different employees have different opinions of the content of the jobs.
c
The jobs represent only a few of the jobs being evaluated within the company.
d
They are jobs that are generally accepted in the labor market for setting pay levels.
e
The contents of the jobs change often over time.