Exam 7: Compensating Employees

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

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A(n) ________ is a medical organization consisting of specialists operating out of a community-based health care center that provides routine medical services to employees who pay a nominal fee.

(Multiple Choice)
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Historically, the main issue in collective bargaining is wage rates.

(True/False)
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The ________ shows the pay rates currently paid for jobs in each pay grade, relative to the points or rankings assigned to each job or grade by the job evaluation.

(Multiple Choice)
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The Fair Labor Standards Act covers workers employed in ________.

(Multiple Choice)
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Employee benefits account for about one-third of wages and salaries.

(True/False)
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Which of the following is true of recognition programs?

(Multiple Choice)
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Explain the advantages of employee stock ownership plans.

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All merit increases are cumulative in that they become a part of an employee's base salary.

(True/False)
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If an employee is injured at work due to a blatant disregard for company safety policies, the company is not required to pay workers' compensation.

(True/False)
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Gainsharing is an incentive plan that ________.

(Multiple Choice)
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Under which condition is it acceptable for employees of the opposite sex to receive different pay for doing roughly equivalent work?

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

(True/False)
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Jack is a sales manager and he recently learned that human resource managers with similar responsibilities and spans of control earn more than he does. Jack is concerned with the ________ form of equity.

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

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The point method of job evaluation entails ________.

(Multiple Choice)
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The Comprehensive Omnibus Budget Reconciliation Act ensures that employers are not responsible for making health benefits available to terminated or retired employees and their families.

(True/False)
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The Equal Pay Act states that employees of one sex may not be paid wages at a rate lower than that paid to employees of the opposite sex for doing roughly equivalent work.

(True/False)
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Which profit-sharing plan provides tax advantages for the employer at fair market value?

(Multiple Choice)
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According to the Family and Medical Leave Act, eligible employees can take unpaid, job-protected leave for the ________.

(Multiple Choice)
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