Exam 9: Managing Compensation
Exam 1: The World of Human Resources Management104 Questions
Exam 2: Strategy and Human Resources Planning106 Questions
Exam 3: Equity and Diversity in Human Resources Management112 Questions
Exam 4: Job Analysis and Work Design110 Questions
Exam 5: Expanding the Talent Pool: Recruitment and Careers103 Questions
Exam 6: Employee Selection107 Questions
Exam 7: Training and Development106 Questions
Exam 8: Performance Management122 Questions
Exam 9: Managing Compensation109 Questions
Exam 10: Pay for Performance: Incentive Rewards108 Questions
Exam 11: Employee Benefits107 Questions
Exam 12: Promoting Safety and Health104 Questions
Exam 13: Employee Rights and Discipline104 Questions
Exam 14: The Dynamics of Labour Relations114 Questions
Exam 15: International Human Resources Management107 Questions
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Which of the following is a relatively new job evaluation system?
(Multiple Choice)
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Which term refers to the concept of equal pay for work of equal value?
(Multiple Choice)
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The employment standards acts set minimum requirements with respect to wages, hours of work, and overtime.
(True/False)
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Scenario 9.2
Calendars "R" Us Ltd. is a small firm that manufactures yearly calendars with a specific focus on middle and high schools in Alberta. They started operations back in 2006 with just 12 employees, two machines, and a small warehouse that served as an office and production and storage facilities. Today, Calendars "R" Us has roughly 60 employees and supplies its calendars to most middle and high schools in Alberta. When employees join they are paid based on their relationship with the owners. Given the rapid growth in its staff complement, and the arbitrary way in which it normally compensates employees, payroll has proven to be quite a challenge for the company as management looks to expand into other provinces.
-Refer to Scenario 9.2. Which of the following is a useful and cost-effective way for Calendars 'R" Us to find information on wage and salary trends in similar industries?
(Multiple Choice)
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The jobs that are included in wage and salary surveys are referred to as "key jobs."
(True/False)
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Explain competency-based pay, including its advantages and disadvantages.
(Essay)
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Broadbanding refers to collapsing many traditional salary grades into a few wide salary bands.
(True/False)
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One theory of motivation is based on the proposition that employees would exert greater work effort if they have reason to anticipate it (their effort) will result in a valued reward. What is this theory?
(Multiple Choice)
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Competency-based pay systems represent a fundamental change in the attitude of management regarding how work should be organized and how employees should be paid for their work efforts.
(True/False)
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Which of the following issues does job evaluation helps to address?
(Multiple Choice)
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ABC Corporation uses a job evaluation system that links the value of jobs directly with the goals of the organization. Which job evaluation system is most likely being used by ABC Corporation?
(Multiple Choice)
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Compensable factors include skills, effort, responsibilities, and working conditions.
(True/False)
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Assume Microsoft wants to link its overall organizational strategy to its wage and benefit policies in the strategic plan. How can the company best do this?
(Multiple Choice)
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What is the scope of the impacts of collective bargaining agreements?
(Multiple Choice)
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Labour market conditions have little impact on wage rates paid to employees.
(True/False)
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The job classification system is commonly used by smaller employers.
(True/False)
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