Exam 11: Establishing Strategic Pay Plans

Which job evaluation method is a quantitative technique involving the identification of several compensable factors and the degree to which each of these factors is present in the job?

Another term for job classification is .

Whether or not a position is exempt from provisions including overtime pay in the Fair Labor Standards Act depends upon the associated with the job.

Historically, the main issue in collective bargaining is .

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

Who usually pays the extra tax burden resulting from taxes a manager on international assignment is liable for over and above those he or she would have to pay in the home country?

According to the Fair Labor Standards Act, if a worker covered by the act works more than 40 hours, he or she will receive overtime pay at a rate of of normal pay for any hours worked over 40 in a workweek.

How are cost-of-living differentials handled by employers when employees are transferred from one location to one with a higher cost of living?

All of the following occupations are exempt from the overtime provisions stated in the Fair Labor Standards Act except .

Explain the implications suggested by the equity theory of motivation. What are the four forms of equity?

The Fair Labor Standards Act covers workers employed in .

Which compensation-related law contains minimum wage, maximum hours, overtime pay, equal pay, and child labor provisions?

Employers prefer to give time off in lieu of overtime pay because they only have to grant the same number of hours off as the employee worked overtime while overtime pay is calculated at 150% of normal pay.

The primary advantage of broadbanding is that it provides greater flexibility into employee assignments.

Describe the various approaches that an employer could take to address the cost -of-living differences associated with transferring an employee to a location with a higher cost-of-living.

External equity refers to .

What are the four main elements of a competency-based pay plan?

When managers ask "how can I construct a total portfolio of reward programs that link to both short and long-term business success, drive shareholder value, encourage desired behaviors, and deliver value to our employees," they are seeking to produce a(n).

What are the advantages for employers of claiming that someone doing work for them is an independent contractor rather than an employee?

Which of the following occupations must adhere to overtime and minimum pay provisions stated in the Fair Labor Standards Act?