Compensable Factor Definition and Explanation PDF Download
Learn Compensable Factor definition in hrm with explanation to study “What is Compensable Factor”. Study compensable factor explanation with HRM terms to review HRM course for online MBA programs.
Compensable Factor Definition:
Job value commonly present throughout a group of jobs.
Human Resource Management by Robert L. Mathis, John H. Jackson
Compensable Factor Explanation:
Compensable elements can be essentially comprehended as the criteria used to assess work and based on which compensation/wages of the worker is registered. It resembles the association is happy to pay dependent on certain must have abilities or other qualification factors. Compensable elements are normally decided and characterized dependent on the qualities and destinations of the association. Every one of the compensable variables have their very own significance and weight during the time spent last assessment. The Equal Pay Act of 1963 has characterized 4 most fundamental compensable components: exertion, ability, obligation and working conditions. There are normally 5 to 12 compensable factors in any assessment methodology. The compensable components are diverse for various assessments. It disposes of uncertainty for the assessment methodology. It obviously makes reference to the criteria to the candidates.
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