Exam 9: Managing Compensation
Exam 1: The World of Human Resources Management104 Questions
Exam 2: Strategy and Human Resources Planning106 Questions
Exam 3: Equity and Diversity in Human Resources Management112 Questions
Exam 4: Job Analysis and Work Design110 Questions
Exam 5: Branding the Talent Pool: Recruitment and Careers103 Questions
Exam 6: Employee Selection107 Questions
Exam 7: Training and Development106 Questions
Exam 8: Performance Management and the Employee Appraisal Process122 Questions
Exam 9: Managing Compensation109 Questions
Exam 10: Pay for Performance: Incentive Rewards108 Questions
Exam 11: Employee Benefits107 Questions
Exam 12: Promoting Safety and Health104 Questions
Exam 13: Employee Rights and Discipline104 Questions
Exam 14: The Dynamics of Labour Relations114 Questions
Exam 15: International Human Resources Management107 Questions
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Jambrone Foods and CUPE Local 5000 have a collective agreement in place that allows for wages to be paid at more than the minimum wage set by the Employment Standards Act. Which of the following describes this agreement?
(Multiple Choice)
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One's level of motivation depends on the attractiveness of the rewards sought. Which of the following refers to the probability of obtaining those rewards?
(Multiple Choice)
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In developing a wage curve, what are market wage rates plotted against?
(Multiple Choice)
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What is the classification for employees whose compensation is calculated on the basis of weekly, biweekly, or monthly periods?
(Multiple Choice)
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Using job evaluation and wage survey data jointly improves the likelihood of both internal and external equity.
(True/False)
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Which of the following is NOT a potential challenge to competence-based pay?
(Multiple Choice)
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HR professionals establish predetermined wage grades as a basis for evaluating jobs in the job classification system of job evaluation.
(True/False)
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Which of the following is the most likely outcome of collapsing many salary grades into a few wide salary bands through broadbanding?
(Multiple Choice)
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Wage compression can be avoided by granting wage increases solely on the basis of the CPI.
(True/False)
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To help achieve internal equity, factors such as skills, effort, responsibilities, and working conditions may be used to assess jobs. Which term refers to these factors?
(Multiple Choice)
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One theory is based on the theoretical concept that employees should exert greater work effort if they have reason to expect it will result in a valued reward. What is this theory?
(Multiple Choice)
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What type of jobs do companies normally use to collect wage survey data?
(Multiple Choice)
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Employees who earn pay for hourly work are referred to as salaried employees.
(True/False)
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Scenario 9.2
Calendar "R" Us Ltd. is a small firm that manufactures yearly calendars with a specific focus on middle and high schools in Alberta. They started operations back in 2006 with just 12 employees, two machines, and a small warehouse that served as an office and production and storage facilities. Today, Calendar "R" Us has roughly 60 employees and supplies its calendars to most middle and high schools in Alberta. When employees join they are paid based on their relationship with the owners. Given the rapid growth in its staff complement, and the arbitrary way in which it normally compensates employees, payroll has proven to be quite a challenge for the company as management looks to expand into other provinces.
-Refer to Scenario 9.2. Setting pay levels at Calendar "R" Us can be limited by all EXCEPT which one of the following factors?
(Multiple Choice)
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Which of the following is NOT a disadvantage of the job ranking system?
(Multiple Choice)
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Executives, administrators, and professional employees are exempt from overtime payments identified in employment standards acts.
(True/False)
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Accounting clerks, pay clerks, and junior secretaries are all classed in Grade 2 at Metroland Inc. Which of the following should apply to all these jobs?
(Multiple Choice)
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Among the goals of strategic compensation policy are rewarding past performance, attracting new employees, and reducing turnover.
(True/False)
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