Exam 11: Total Rewards and Compensation

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The Equal Pay Act of 1963 prohibits companies from using different wage scales for men and women performing substantially the same jobs.

(True/False)
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Which of the following is a tangible direct reward?

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Define offshoring.

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The home-country-based approach compensates the expatriate at the same level as workers from the country where the expatriate has been sent from the headquarter.

(True/False)
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A red-circled employee is an employee who is paid above the range for the job.

(True/False)
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Which of the following is true of the classification method of job evaluation?

(Multiple Choice)
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The equity theory states that individuals judge fairness in compensation by comparing their inputs and outcomes against the inputs and outcomes of referent others.

(True/False)
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Number of Full Time Equivalents = _____.

(Multiple Choice)
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Productivity = _____.

(Multiple Choice)
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Describe the various components of compensation.

(Essay)
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Which of the following is an indicator of external inequity?

(Multiple Choice)
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The _____ prohibits companies from using different wage scales for men and women performing substantially the same jobs.

(Multiple Choice)
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Which of the following is a tangible indirect reward?

(Multiple Choice)
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Compliance with FLSA provisions on employee compensation is enforced by the National Labor Relations Board.

(True/False)
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A _____ shows the relationship between job value as determined by job evaluation points and job value as determined by pay survey rates.

(Multiple Choice)
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The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

(Multiple Choice)
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Describe market competitive compensation.

(Essay)
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A pay adjustment matrix considers two factors:the employee's level of performance as rated in an appraisal and the employee's position in the pay range, which is often related to experience and tenure.

(True/False)
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Which of the following statements is true of the equity theory?

(Multiple Choice)
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Organizational policies that discourage employees from sharing pay information with each other may violate the _____.

(Multiple Choice)
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