Exam 12: Healthcare Compensation Practices

Pay information kept secret in "closed" systems includes how much others make,what raises others have received,and what pay grades and ranges exist in the organization.

One of the simplest methods of job evaluations is __________.

Regardless of how well constructed a pay structure is,there are usually a few individuals whose pay is lower than the minimum or higher then the maximum. How often do these situations tend to happen when organizations have had an informal pay system and develop a new system?

When an employer pays wages that are above market,they are paying in the __________ quartile.

Which of the following federal laws requires employers to identify the essential functions of a job?

Boards need not worry about linking organizational performance with variable pay rewards for executives because they are not motivated by them.

Variable pay is compensation linked directly to individual,team,or organizational performance.

The most widely used job evaluation method,which breaks down jobs into various compensable factors and then places weights or points on them,is the __________.

Numerous studies have revealed that the consumer price index understates the actual cost of living.

Which of the following is true about independent contractors?

The advantage to using lump sum increases is that __________.

When a healthcare organization moves to a competency based system,considerable time must be spent identifying limitations in training and competency.

Pay adjustments based on what are often set as automatic steps once a person has been employed the required length of time are referred to as __________.

If a person is considered non-exempt under the Fair Labor Standards Act,then the employer is responsible for overtime pay at a rate of __________ for any hours worked over 40 in a one-week period.

The Equal Pay Act of 1963 prohibits using different wage scales for men and women if they are performing substantially the same jobs,even if seniority differs.

Indirect compensation commonly consists of __________.

Which of the following provides a systematic basis for determining the relative worth of jobs within an organization?

Employers who use broadbanding are probably doing so to __________.

Healthcare employers must keep accurate time records and maintain these records for __________.

An individual who is paid above the range set for his/her job is a __________.