Question 1

A is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.

Accepted Answer

A) wage curve 
B) benchmark 
C) pay grade 
D) pay group 
E) class 
A) wage curve 
B) benchmark 
C) pay grade 
D) pay group 
E) class C

Question 2

refers to the requirement to pay men and women equal wages for jobs of roughly equivalent value to the employer.

Accepted Answer

A) Broadbanding 
B) Comparable worth 
C) Strategic compensation 
D) Job evaluation 
E) Job grading 
A) Broadbanding 
B) Comparable worth 
C) Strategic compensation 
D) Job evaluation 
E) Job grading B

Question 3

List and explain the two basic international compensation policies that companies use when compensating expatriate employees.

Accepted Answer

The two basic international compensation policies include home-based and host-based plans. With a home-based salary plan, an international transferee's base salary reflects his or her home country's salary. The employer then adds allowances for cost-of-living differences such as housing and schooling costs. This is a good approach for short-term assignments and avoids the problem of changing an employee's base salary. In the host-based plan, the firm ties the international transferee's base salary to the host country's salary structure. A manager sent to a specific, international location would have his or her base salary changed to the prevailing base salary for that position in that location. The firm usually tacks on cost-of-living, housing, schooling, and other allowances.

Question 4

Which of the following is categorized as an indirect payment portion of employee compensation?

Accepted Answer

A) salaries 
B) wages 
C) employer-paid insurance 
D) bonuses 
E) commissions 
A) salaries 
B) wages 
C) employer-paid insurance 
D) bonuses 
E) commissions

Question 5

Procedural equity refers to .

Accepted Answer

A) how a job's pay rate in one company compares the job's pay rate in other companies 
B) how fair the job's pay rate is, when compared to other jobs within the same company 
C) the fairness of an individual's pay as compared with what his or her coworkers are earning for the same or very similar jobs within the company, based on each individual's performance 
D) the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay 
E) the use of salary surveys to monitor levels paid for jobs industry -wide 
A) how a job's pay rate in one company compares the job's pay rate in other companies 
B) how fair the job's pay rate is, when compared to other jobs within the same company 
C) the fairness of an individual's pay as compared with what his or her coworkers are earning for the same or very similar jobs within the company, based on each individual's performance 
D) the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay 
E) the use of salary surveys to monitor levels paid for jobs industry -wide

Question 6

Audrey is a lawyer in a mid-size firm in Chicago. She recently learned that another lawyer who joined the firm at the same time earns a lower salary than she does. Audrey is experiencing the form of equity.

Accepted Answer

A) external 
B) internal 
C) distributive 
D) individual 
E) procedural 
A) external 
B) internal 
C) distributive 
D) individual 
E) procedural

Question 7

Wage rate has been the main issue negotiated by unions in collective bargaining.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is typically included in compensation packages for a company's top executives?

Accepted Answer

A) perks 
B) executive benefits 
C) short-term and long-term incentives 
D) base pay 
E) all of the above 
A) perks 
B) executive benefits 
C) short-term and long-term incentives 
D) base pay 
E) all of the above

Question 9

List the steps used to establish pay rates while ensuring external, internal, and procedural equity.

Accepted Answer

The five steps are as follows.
-Conduct

Question 10

When employees work more than 40 hours per week, employers must pay overtime at a rate of at least one and a half times the normal pay for any hours worked over 40 in a workweek.

Accepted Answer

A) True 
 B)False

Question 11

Which form of equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies?

Accepted Answer

A) external 
B) internal 
C) distributive 
D) individual 
E) procedural 
A) external 
B) internal 
C) distributive 
D) individual 
E) procedural

Question 12

The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid, job-protected leave for the birth of a child only applies to women.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following professions is considered "nonexempt" from provisions of the Fair Labor Standards Act?

Accepted Answer

A) management trainee 
B) computer systems analyst 
C) general manager 
D) physician 
E) attorney 
A) management trainee 
B) computer systems analyst 
C) general manager 
D) physician 
E) attorney

Question 14

While laws exist to protect against discrimination in compensation based on gender and age, no law protects against such discrimination against persons with disabilities.

Accepted Answer

A) True 
 B)False

Question 15

The sets basic labor standards for employees working on any government contract that amounts to more than $10,000.

Accepted Answer

A) Civil Rights Act 
B) Davis-Bacon Act 
C) Walsh-Healey Public Contract 
D) Fair Labor Standards Act 
E) Fair Wages Act 
A) Civil Rights Act 
B) Davis-Bacon Act 
C) Walsh-Healey Public Contract 
D) Fair Labor Standards Act 
E) Fair Wages Act

Question 16

Indirect payments that contribute to an employee's compensation include variable pay like commissions and bonuses.

Accepted Answer

A) True 
 B)False

Question 17

The prohibits discriminating against employees who are 40 years of age and older in all aspects of employment, including compensation.

Accepted Answer

A) Equal Pay Act 
B) Age Discrimination in Employment Act 
C) Employer Retirement Income Security Act 
D) Fair Labor Standards Act 
E) Civil Rights Act 
A) Equal Pay Act 
B) Age Discrimination in Employment Act 
C) Employer Retirement Income Security Act 
D) Fair Labor Standards Act 
E) Civil Rights Act

Question 18

When employers set salary for professional employees by pricing professional jobs in the marketplace to establish the values for benchmark jobs, and then develop a salary structure based on the benchmarks and their other professional jobs, the employer has used a approach.

Accepted Answer

A) market-pricing 
B) cost 
C) point 
D) job ranking 
E) job evaluation 
A) market-pricing 
B) cost 
C) point 
D) job ranking 
E) job evaluation

Question 19

Which of the following is not a form of equity that should be addressed by managers dealing with compensation issues?

Accepted Answer

A) internal 
B) procedural 
C) external 
D) individual 
E) underreward 
A) internal 
B) procedural 
C) external 
D) individual 
E) underreward

Question 20

When an employee transferred to another country is assigned a salary based on the base salary for that position in the country where he or she will work, the employer has used a salary plan.

Accepted Answer

A) transfer 
B) allowances included 
C) host-based 
D) home-based 
E) cost-of-living 
A) transfer 
B) allowances included 
C) host-based 
D) home-based 
E) cost-of-living

A is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.

refers to the requirement to pay men and women equal wages for jobs of roughly equivalent value to the employer.

List and explain the two basic international compensation policies that companies use when compensating expatriate employees.

Which of the following is categorized as an indirect payment portion of employee compensation?

Procedural equity refers to .

Audrey is a lawyer in a mid-size firm in Chicago. She recently learned that another lawyer who joined the firm at the same time earns a lower salary than she does. Audrey is experiencing the form of equity.

Wage rate has been the main issue negotiated by unions in collective bargaining.

Which of the following is typically included in compensation packages for a company's top executives?

List the steps used to establish pay rates while ensuring external, internal, and procedural equity.

When employees work more than 40 hours per week, employers must pay overtime at a rate of at least one and a half times the normal pay for any hours worked over 40 in a workweek.

Which form of equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies?

The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid, job-protected leave for the birth of a child only applies to women.

Which of the following professions is considered "nonexempt" from provisions of the Fair Labor Standards Act?

While laws exist to protect against discrimination in compensation based on gender and age, no law protects against such discrimination against persons with disabilities.

The sets basic labor standards for employees working on any government contract that amounts to more than $10,000.

Indirect payments that contribute to an employee's compensation include variable pay like commissions and bonuses.

The prohibits discriminating against employees who are 40 years of age and older in all aspects of employment, including compensation.

When employers set salary for professional employees by pricing professional jobs in the marketplace to establish the values for benchmark jobs, and then develop a salary structure based on the benchmarks and their other professional jobs, the employer has used a approach.

Which of the following is not a form of equity that should be addressed by managers dealing with compensation issues?

When an employee transferred to another country is assigned a salary based on the base salary for that position in the country where he or she will work, the employer has used a salary plan.

Introduction to Human Resource Management

Equal Opportunity and the Law

Strategic Human Resource Management and the Hr Scorecard

Job Analysis

Personnel Planning and Recruiting

Employee Testing and Selection

Chaper 7 Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Managing Careers

Pay-For-Performance and Financial Incentives

Benefits and Services

Ethics, Justice, and Fair Treatment in Hr Management

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

HR Management and Organizational Strategy: Key Concepts and Considerations

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Exam 11: Establishing Strategic Pay Plans

A is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.

refers to the requirement to pay men and women equal wages for jobs of roughly equivalent value to the employer.

List and explain the two basic international compensation policies that companies use when compensating expatriate employees.

Which of the following is categorized as an indirect payment portion of employee compensation?

Procedural equity refers to .

Audrey is a lawyer in a mid-size firm in Chicago. She recently learned that another lawyer who joined the firm at the same time earns a lower salary than she does. Audrey is experiencing the form of equity.

Wage rate has been the main issue negotiated by unions in collective bargaining.

Which of the following is typically included in compensation packages for a company's top executives?

List the steps used to establish pay rates while ensuring external, internal, and procedural equity.

When employees work more than 40 hours per week, employers must pay overtime at a rate of at least one and a half times the normal pay for any hours worked over 40 in a workweek.

Which form of equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies?

The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid, job-protected leave for the birth of a child only applies to women.

Which of the following professions is considered "nonexempt" from provisions of the Fair Labor Standards Act?

While laws exist to protect against discrimination in compensation based on gender and age, no law protects against such discrimination against persons with disabilities.

The sets basic labor standards for employees working on any government contract that amounts to more than $10,000.

Indirect payments that contribute to an employee's compensation include variable pay like commissions and bonuses.

The prohibits discriminating against employees who are 40 years of age and older in all aspects of employment, including compensation.

When employers set salary for professional employees by pricing professional jobs in the marketplace to establish the values for benchmark jobs, and then develop a salary structure based on the benchmarks and their other professional jobs, the employer has used a approach.

Which of the following is not a form of equity that should be addressed by managers dealing with compensation issues?

When an employee transferred to another country is assigned a salary based on the base salary for that position in the country where he or she will work, the employer has used a salary plan.

Introduction to Human Resource Management

Equal Opportunity and the Law

Strategic Human Resource Management and the Hr Scorecard

Job Analysis

Personnel Planning and Recruiting

Employee Testing and Selection

Chaper 7 Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Managing Careers

Pay-For-Performance and Financial Incentives

Benefits and Services

Ethics, Justice, and Fair Treatment in Hr Management

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

HR Management and Organizational Strategy: Key Concepts and Considerations

Filters