Question 1

Explain the key differences between competency-based pay and traditional job-based pay.

Accepted Answer

With JBP, the employee receives the pay

Question 2

When using the job classification method of job evaluation, raters categorize jobs into groups of jobs that are similar in difficulty but not in context called .

Accepted Answer

A) cohorts 
B) grades 
C) schedules 
D) classes 
E) sections 
A) cohorts 
B) grades 
C) schedules 
D) classes 
E) sections

Question 3

Which job evaluation method entails deciding which jobs have more of the chosen compensable factors?

Accepted Answer

A) point method 
B) job grading method 
C) job classification method 
D) factor comparison 
E) ranking method 
A) point method 
B) job grading method 
C) job classification method 
D) factor comparison 
E) ranking method

Question 4

Individual 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 5

Because the minimum wage is set by the Fair Labor Standards Act, all states adhere to that wage.

Accepted Answer

A) True 
 B)False

Question 6

Supplemental executive retirement plans and supplemental life insurance are classified as in executive compensation packages.

Accepted Answer

A) long-term incentives 
B) bonuses 
C) base pay 
D) executive benefits 
E) short-term incentives 
A) long-term incentives 
B) bonuses 
C) base pay 
D) executive benefits 
E) short-term incentives

Question 7

Internal 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 8

means collapsing salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels.

Accepted Answer

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

Question 9

refers to the ownership employees build up in their pension plan should their employment be terminated before retirement.

Accepted Answer

A) Portability 
B) Equity 
C) 401k 
D) Unemployment 
E) Vesting 
A) Portability 
B) Equity 
C) 401k 
D) Unemployment 
E) Vesting

Question 10

A key issue in comparable worth is whether women should be paid equal wages for jobs that are truly equal to men's or just comparable to men's jobs.

Accepted Answer

A) True 
 B)False

Question 11

How can managers assess and address each equity issue?

Accepted Answer

Managers can use various methods to addr

Question 12

Which law makes it illegal to discriminate against any individual with respect to compensation because of race, color, religion, sex, or national origin?

Accepted Answer

A) Equal Pay Act 
B) Fair Labor Standards Act 
C) Civil Rights Act 
D) Davis-Bacon Act 
E) Employer Retirement Income Security Act 
A) Equal Pay Act 
B) Fair Labor Standards Act 
C) Civil Rights Act 
D) Davis-Bacon Act 
E) Employer Retirement Income Security Act

Question 13

Jason is an information systems technician in a town in North Carolina with a population of 100,000. He earns 35,000/year. He recently found out that a nearby town with a similar population pays people in the same position $40,000/year. Jason is concerned with the form of equity.

Accepted Answer

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

Question 14

The U.S. Department of Labor says there is a specific test for determining whether an individual is an independent contractor or an employee.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true for employers who use independent contractors?

Accepted Answer

A) Federal income taxes are charged at a reduced rate 
B) Fair Labor Standards Act regulations do not apply 
C) Social Security taxes are higher than for regular employees 
D) State income taxes are charged at a higher rate 
E) Social Security taxes are charged at a higher rate 
A) Federal income taxes are charged at a reduced rate 
B) Fair Labor Standards Act regulations do not apply 
C) Social Security taxes are higher than for regular employees 
D) State income taxes are charged at a higher rate 
E) Social Security taxes are charged at a higher rate

Question 16

Performance-based pay is more popular than time-based pay.

Accepted Answer

A) True 
 B)False

Question 17

There tends to be more opportunities for advancement with competency-based pay plans than with job-based pay plans because the focus on skill-building results in more developmental opportunities.

Accepted Answer

A) True 
 B)False

Question 18

John is a sales representative in a jewelry store. He typically works 40 hours per week and his pay is completely based on his sales. He earns a commission on every sale he makes. John's pay is based on .

Accepted Answer

A) incentives 
B) bonuses 
C) time 
D) sales performance 
E) seniority 
A) incentives 
B) bonuses 
C) time 
D) sales performance 
E) seniority

Question 19

Most employers use a market-pricing approach to determine compensation for professional employees.

Accepted Answer

A) True 
 B)False

Question 20

The job grading method of job evaluation entails .

Accepted Answer

A) ranking each job relative to all other jobs based on some overall factor 
B) deciding which jobs have more of the chosen compensable factors 
C) using raters to categorize jobs into groups 
D) identifying several compensable factors, each having several degrees, and the degree to which each of these factors is present in the job 
E) none of the above 
A) ranking each job relative to all other jobs based on some overall factor 
B) deciding which jobs have more of the chosen compensable factors 
C) using raters to categorize jobs into groups 
D) identifying several compensable factors, each having several degrees, and the degree to which each of these factors is present in the job 
E) none of the above

Explain the key differences between competency-based pay and traditional job-based pay.

When using the job classification method of job evaluation, raters categorize jobs into groups of jobs that are similar in difficulty but not in context called .

Which job evaluation method entails deciding which jobs have more of the chosen compensable factors?

Individual equity refers to .

Because the minimum wage is set by the Fair Labor Standards Act, all states adhere to that wage.

Supplemental executive retirement plans and supplemental life insurance are classified as in executive compensation packages.

Internal equity refers to .

means collapsing salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels.

refers to the ownership employees build up in their pension plan should their employment be terminated before retirement.

A key issue in comparable worth is whether women should be paid equal wages for jobs that are truly equal to men's or just comparable to men's jobs.

How can managers assess and address each equity issue?

Which law makes it illegal to discriminate against any individual with respect to compensation because of race, color, religion, sex, or national origin?

Jason is an information systems technician in a town in North Carolina with a population of 100,000. He earns 35,000/year. He recently found out that a nearby town with a similar population pays people in the same position $40,000/year. Jason is concerned with the form of equity.

The U.S. Department of Labor says there is a specific test for determining whether an individual is an independent contractor or an employee.

Which of the following is true for employers who use independent contractors?

Performance-based pay is more popular than time-based pay.

There tends to be more opportunities for advancement with competency-based pay plans than with job-based pay plans because the focus on skill-building results in more developmental opportunities.

John is a sales representative in a jewelry store. He typically works 40 hours per week and his pay is completely based on his sales. He earns a commission on every sale he makes. John's pay is based on .

Most employers use a market-pricing approach to determine compensation for professional employees.

The job grading method of job evaluation entails .

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

Exam 11: Establishing Strategic Pay Plans

Explain the key differences between competency-based pay and traditional job-based pay.

When using the job classification method of job evaluation, raters categorize jobs into groups of jobs that are similar in difficulty but not in context called .

Which job evaluation method entails deciding which jobs have more of the chosen compensable factors?

Individual equity refers to .

Because the minimum wage is set by the Fair Labor Standards Act, all states adhere to that wage.

Supplemental executive retirement plans and supplemental life insurance are classified as in executive compensation packages.

Internal equity refers to .

means collapsing salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels.

refers to the ownership employees build up in their pension plan should their employment be terminated before retirement.

A key issue in comparable worth is whether women should be paid equal wages for jobs that are truly equal to men's or just comparable to men's jobs.

How can managers assess and address each equity issue?

Which law makes it illegal to discriminate against any individual with respect to compensation because of race, color, religion, sex, or national origin?

Jason is an information systems technician in a town in North Carolina with a population of 100,000. He earns 35,000/year. He recently found out that a nearby town with a similar population pays people in the same position $40,000/year. Jason is concerned with the form of equity.

The U.S. Department of Labor says there is a specific test for determining whether an individual is an independent contractor or an employee.

Which of the following is true for employers who use independent contractors?

Performance-based pay is more popular than time-based pay.

There tends to be more opportunities for advancement with competency-based pay plans than with job-based pay plans because the focus on skill-building results in more developmental opportunities.

John is a sales representative in a jewelry store. He typically works 40 hours per week and his pay is completely based on his sales. He earns a commission on every sale he makes. John's pay is based on .

Most employers use a market-pricing approach to determine compensation for professional employees.

The job grading method of job evaluation entails .

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