Question 1

What are some of the factors that can influence wage rates in a firm?

Accepted Answer

In practice, a combination of internal a

Question 2

Using the point method of job evaluation requires that managers

Accepted Answer

A) employ either a standardized program or customize a point method to fit their particular jobs. 
B) compare the job descriptions against the various factor-degree descriptions. 
C) link point totals to the wage curve. 
D) rank jobs by compensable factors. 
A) employ either a standardized program or customize a point method to fit their particular jobs. 
B) compare the job descriptions against the various factor-degree descriptions. 
C) link point totals to the wage curve. 
D) rank jobs by compensable factors.

Question 3

The HR department at LennoCorp has been tasked with completing job evaluations of all positions to ensure that wages are properly aligned. They will be using several different methods to complete this process. For which category of jobs should they use the Hay profile method?

Accepted Answer

A) Blue-collar jobs 
B) Entry level jobs 
C) Executive and managerial positions 
D) Jobs within a specific wage range 
A) Blue-collar jobs 
B) Entry level jobs 
C) Executive and managerial positions 
D) Jobs within a specific wage range

Question 4

Equity theory is also known as

Accepted Answer

A) procedural justice. 
B) distributive fairness. 
C) administrative justice. 
D) moral justice. 
A) procedural justice. 
B) distributive fairness. 
C) administrative justice. 
D) moral justice.

Question 5

When employees are paid according to the skills and knowledge they have rather than the specific jobs they perform, they are paid according to competence-based compensation.

Accepted Answer

A) True 
 B)False

Question 6

Howard is responsible for performing job evaluations. To do so, he considers the knowledge, mental activity, and accountability required by the position. Howard is using the Hay profile.

Accepted Answer

A) True 
 B)False

Question 7

Briefly discuss the motivating value of pay equity for employees.

Accepted Answer

Simply defined, equity embraces the conc

Question 8

The wage curve represents the wages paid to jobs after adjustment for cost-of-living.

Accepted Answer

A) True 
 B)False

Question 9

Senior management at LennoCorp wants a better understanding of the relationship between the values of the jobs at the firm, as determined by their job evaluations, and the actual pay rate for each of those positions. The HR team can provide this information graphically by using a

Accepted Answer

A) pay grade. 
B) wage curve. 
C) point system. 
D) salary plot. 
A) pay grade. 
B) wage curve. 
C) point system. 
D) salary plot.

Question 10

Steve has to submit a timecard every week and his compensation is based upon the amount of time he works, rather than what he accomplishes. Steve is compensated based on

Accepted Answer

A) piecework. 
B) competence. 
C) skilled labor. 
D) hourly work. 
A) piecework. 
B) competence. 
C) skilled labor. 
D) hourly work.

Question 11

Explain competence-based pay including its advantages and disadvantages. Include in your discussion the practice of broadbanding.

Accepted Answer

Competence-based pay, also known as know

Question 12

Red circle rates above the maximum for the range can result because

Accepted Answer

A) promotional opportunities are plentiful. 
B) employees have high seniority. 
C) employees are demoted. 
D) grades are added to the range. 
A) promotional opportunities are plentiful. 
B) employees have high seniority. 
C) employees are demoted. 
D) grades are added to the range.

Question 13

The Fair Labor Standards Act prohibits the employment of those between the ages of __________ in hazardous occupations such as mining, logging, and meatpacking.

Accepted Answer

A) 14 and 21 
B) 16 and 18 
C) 16 and 21 
D) 18 and 21 
A) 14 and 21 
B) 16 and 18 
C) 16 and 21 
D) 18 and 21

Question 14

LennoCorp is using a form of the OKR system as a way to link compensation to performance. An appropriate objective for the sales team might be "sales should increase by 7 percent this month."

Accepted Answer

A) True 
 B)False

Question 15

An employee's relative worth can be determined by

Accepted Answer

A) job analysis. 
B) labor market conditions. 
C) wage-rate surveys. 
D) an effective performance appraisal system. 
A) job analysis. 
B) labor market conditions. 
C) wage-rate surveys. 
D) an effective performance appraisal system.

Question 16

Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.

Accepted Answer

Work performed in most private, public,

Question 17

Pay secrecy is still prevalent in organizations despite its negative effect on motivation and employee trust.

Accepted Answer

A) True 
 B)False

Question 18

__________ helps eliminate the obsession with grades and, instead, encourages employees to move to jobs they can develop in their careers and add value to the organization.

Accepted Answer

A) Red circling 
B) Broadbanding 
C) Pay ranging 
D) Factor comparison 
A) Red circling 
B) Broadbanding 
C) Pay ranging 
D) Factor comparison

Question 19

Jobs that are grouped into the same pay grade should

Accepted Answer

A) all receive the same wage rate in order to achieve equality. 
B) be paid within a range that does not overlap with bordering job grades so that distinctions between grades are maintained. 
C) be paid within a range that may overlap with adjoining grades, so that an employee with experience can be paid as much as or more than a newer employee in a higher grade. 
D) be paid at different wage rates because the worth of these jobs to the organization may differ. 
A) all receive the same wage rate in order to achieve equality. 
B) be paid within a range that does not overlap with bordering job grades so that distinctions between grades are maintained. 
C) be paid within a range that may overlap with adjoining grades, so that an employee with experience can be paid as much as or more than a newer employee in a higher grade. 
D) be paid at different wage rates because the worth of these jobs to the organization may differ.

Question 20

The National Compensation Survey published by the Bureau of Labor Statistics can provide compensation statistics broken down by wages, salary, and benefits.

Accepted Answer

A) True 
 B)False

What are some of the factors that can influence wage rates in a firm?

Using the point method of job evaluation requires that managers

The HR department at LennoCorp has been tasked with completing job evaluations of all positions to ensure that wages are properly aligned. They will be using several different methods to complete this process. For which category of jobs should they use the Hay profile method?

Equity theory is also known as

When employees are paid according to the skills and knowledge they have rather than the specific jobs they perform, they are paid according to competence-based compensation.

Howard is responsible for performing job evaluations. To do so, he considers the knowledge, mental activity, and accountability required by the position. Howard is using the Hay profile.

Briefly discuss the motivating value of pay equity for employees.

The wage curve represents the wages paid to jobs after adjustment for cost-of-living.

Senior management at LennoCorp wants a better understanding of the relationship between the values of the jobs at the firm, as determined by their job evaluations, and the actual pay rate for each of those positions. The HR team can provide this information graphically by using a

Steve has to submit a timecard every week and his compensation is based upon the amount of time he works, rather than what he accomplishes. Steve is compensated based on

Explain competence-based pay including its advantages and disadvantages. Include in your discussion the practice of broadbanding.

Red circle rates above the maximum for the range can result because

The Fair Labor Standards Act prohibits the employment of those between the ages of __________ in hazardous occupations such as mining, logging, and meatpacking.

LennoCorp is using a form of the OKR system as a way to link compensation to performance. An appropriate objective for the sales team might be "sales should increase by 7 percent this month."

An employee's relative worth can be determined by

Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.

Pay secrecy is still prevalent in organizations despite its negative effect on motivation and employee trust.

__________ helps eliminate the obsession with grades and, instead, encourages employees to move to jobs they can develop in their careers and add value to the organization.

Jobs that are grouped into the same pay grade should

The National Compensation Survey published by the Bureau of Labor Statistics can provide compensation statistics broken down by wages, salary, and benefits.

The Rewards and Challenges of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management

Pay-For-Performance: Incentive Rewards

Employee Benefits

Promoting Safety and Health

Employees Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Implementing HR Strategy: High-Performance Work Systems

Filters

Exam 9: Managing Compensation

What are some of the factors that can influence wage rates in a firm?

Using the point method of job evaluation requires that managers

The HR department at LennoCorp has been tasked with completing job evaluations of all positions to ensure that wages are properly aligned. They will be using several different methods to complete this process. For which category of jobs should they use the Hay profile method?

Equity theory is also known as

When employees are paid according to the skills and knowledge they have rather than the specific jobs they perform, they are paid according to competence-based compensation.

Howard is responsible for performing job evaluations. To do so, he considers the knowledge, mental activity, and accountability required by the position. Howard is using the Hay profile.

Briefly discuss the motivating value of pay equity for employees.

The wage curve represents the wages paid to jobs after adjustment for cost-of-living.

Senior management at LennoCorp wants a better understanding of the relationship between the values of the jobs at the firm, as determined by their job evaluations, and the actual pay rate for each of those positions. The HR team can provide this information graphically by using a

Steve has to submit a timecard every week and his compensation is based upon the amount of time he works, rather than what he accomplishes. Steve is compensated based on

Explain competence-based pay including its advantages and disadvantages. Include in your discussion the practice of broadbanding.

Red circle rates above the maximum for the range can result because

The Fair Labor Standards Act prohibits the employment of those between the ages of __________ in hazardous occupations such as mining, logging, and meatpacking.

LennoCorp is using a form of the OKR system as a way to link compensation to performance. An appropriate objective for the sales team might be "sales should increase by 7 percent this month."

An employee's relative worth can be determined by

Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.

Pay secrecy is still prevalent in organizations despite its negative effect on motivation and employee trust.

__________ helps eliminate the obsession with grades and, instead, encourages employees to move to jobs they can develop in their careers and add value to the organization.

Jobs that are grouped into the same pay grade should

The National Compensation Survey published by the Bureau of Labor Statistics can provide compensation statistics broken down by wages, salary, and benefits.

The Rewards and Challenges of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management

Pay-For-Performance: Incentive Rewards

Employee Benefits

Promoting Safety and Health

Employees Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Implementing HR Strategy: High-Performance Work Systems

Filters