Exam 11: Establishing Strategic Pay Plans

Portability rights refer to an employee's ability to transfer his or her vested rights from one organization to another.

In a brief essay, compare and contrast the use of pay ranges with broadbanding.

According to the Fair Labor Standards Act, what rate of normal pay would a covered employee receive for working more than 40 hours in a workweek?

Indirect payments that contribute to an employee's compensation include variable pay like commissions and bonuses.

Joseph worked 6 hours of overtime this week but has decided to take time off instead of overtime pay. How many hours will Joseph receive in time off from work?

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?

Large corporations are more likely than small businesses to use a market-based approach to setting pay rates because it is easier for a large firm to conduct formal job evaluations.

Trevor, a sales manager at IBM, recently learned that an IBM human resources manager with comparable responsibilities and spans of control earns a higher salary than Trevor. Which form of equity is of most concern to Trevor?

In most cases, which of the following occupations is NOT exempt from the overtime provisions of the Fair Labor Standards Act?

Which of the following best defines internal equity?

Job evaluations are used to determine the pay scale of all employees in an organization from hourly workers to the CEO.

If a job evaluation committee uses the ranking method, then the pay grade consists of all jobs that fall within two or three ranks.

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?

What has historically been the key issue in collective bargaining?

A union is entitled to know the salary of each employee it is representing.

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 used to anchor the employer's pay scale?

Which of the following is used to maintain internal equity?

A key issue in comparable worth is whether women should be paid equal wages for jobs that are truly equal to men's or just comparable to men's jobs.

The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid, job-protected leave for the birth of a child only applies to women.