SOLVED

Multiple Choice Questions 21. Which of the following is the step that succeeds the recruitment and selection process in HRM? a. Determination of compensation and benefits b. Determination of strategic goals and plans c. Development of retention plans for employees d. Career development and succession planning e. Determination of human resource needs 22. Following a _____ is to pay the going rate for a particular job, within a particular market based on research and salary studies. a. management fit policy b. market compensation policy c. competency-based policy d. broadbanding policy e. skill-based policy 23. A _____ determines the going rate and supplements it with a percentage of that rate. a. skill-based system b. competency-based system c. market plus philosophy d. market minus philosophy e. management fit model 24. A _____ pays a particular percentage less than the market. a. skill-based system b. market plus philosophy c. competency-based system d. management fit model e. market minus philosophy 25. Which of the following is an internal pay factor? a. Inflation b. Cost of living c. Type of industry d. Unemployment rates e. Current economic state  Â