Exam 11: Establishing Strategic Pay Plans

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

Central basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

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 5% commission for every sale he makes.Which of the following terms best describes John's situation?

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.

Which of the following is the LEAST likely way that an employer would address a cost-of-living differential?

Which form of equity refers to 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?

What are your compensation options if you are an employer who needs to transfer an employee from a low cost-of-living area to a high cost-of-living area?

Which of the following best defines internal equity?

Most organizations use a market-pricing approach when determining compensation for professional employees such as engineers and scientists.

According to the Davis-Bacon Act,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.

What theory of motivation states that people are strongly motivated to maintain a balance between what they perceive as their contributions and their rewards?

Homelife,a national chain of high-end furniture stores,employs nearly 800 workers.In the past few years,the company's market share has dropped significantly,and employee turnover has increased.Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around.Historically,the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following,if true,best supports the argument that Homelife should distribute salary surveys before establishing new pay rates?

According to the FLSA,agricultural employees,live-in maids,and taxi drivers are always eligible for overtime pay.

Homelife,a national chain of high-end furniture stores,employs nearly 800 workers.In the past few years,the company's market share has dropped significantly,and employee turnover has increased.Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around.Historically,the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following questions is LEAST relevant to Homelife's decision to develop an aligned reward strategy?

Which of the following factors has the LEAST effect on the design of an organization's pay plan?

Which job evaluation method is used by most modern employers?

Which of the following terms refers to the requirement to pay men and women equal wages for jobs of roughly equivalent value to the employer?

What are the key differences between competency-based pay and traditional job-based pay? Which method would you prefer if you were an employee? Why?

Advocates of competency-based pay assert that the system encourages employees to develop the knowledge,skills,and behaviors a firm needs to achieve its strategic goals.

Direct financial payments may be based on increments of time and on performance.