Exam 9: Managing Compensation

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Job evaluation helps to establish:

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When the organization pays wages that are relatively equal to that of other employers for similar work,it is the basis of:

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The consumer price index is available in separate indexes by size of city and region of the country.

(True/False)
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_____ includes employee recognition programs,rewarding jobs,organizational support, work environment,and flexible work hours to accommodate personal needs.

(Multiple Choice)
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Most pay increases may lack motivational value to employees when _____.

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Equity theory is also known as:

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According the compensation scorecard,functions with a compa ratio below ______ are considered to be paying their employees below the company norm.

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Explain competence-based pay including its advantages and disadvantages.Include in your discussion the practice of broadbanding.

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Employees are likely to accept a promotion if succeeding rate ranges are larger in size.

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Briefly discuss the three main laws that protect against employment discrimination.

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Pay levels are limited in part by:

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Expectancy theory predicts that people expect to be paid as much or more than individuals in a similar job class.

(True/False)
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Job evaluation is a non-systematic,qualitative process of determining the relative worth of jobs in order to establish a comparison with the prevailing market and regional value of a job within a job family.

(True/False)
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Employers may _____ their workforce to help them identify the most valuable contributors.

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Point manuals contain job descriptions and the number of points assigned to each job type.

(True/False)
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The simplest and oldest system of job evaluation is the _____,which arrays jobs on the basis of their relative worth.

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A quantitative job evaluation procedure that determines a job's relative value on the basis of quantitative assessments of specific job elements is known as:

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The job ranking system ranks jobs on the basis of relative worth and can be done by a single person familiar with all jobs.

(True/False)
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Jobs that are grouped into the same pay grade should:

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A _____ is a system of job evaluation in which jobs are classified and grouped according to a series of predetermined wage grades.

(Multiple Choice)
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