Question 1

Which of the following is an example of an informal compensation survey conducted by an employer?

Accepted Answer

A)  Governmental agency surveys 
B)  Professional association surveys 
C)  Telephone surveys 
D)  Industry-wide surveys 
E)  Commercial firm surveys 
A)  Governmental agency surveys 
B)  Professional association surveys 
C)  Telephone surveys 
D)  Industry-wide surveys 
E)  Commercial firm surveys

Question 2

Pay-for-knowledge systems meet pay equity requirements in Canada.

Accepted Answer

A) True 
 B)False

Question 3

Point systems used in job evaluation are not very time consuming or difficult to develop.

Accepted Answer

A) True 
 B)False

Question 4

There are five elements in an executive/managerial compensation package: salary,benefits,short-term incentives,long-term incentives,and perquisites.

Accepted Answer

A) True 
 B)False

Question 5

ABC Healthcare has a pay range for its occupational therapists which is $55,000 to $75,000.A small ground of employees who merged with the company during a recent acquisition are paid $80,000 and above.What is the term to define their circumstance?

Accepted Answer

A)  Red circle pay rates 
B)  Premium job pay rates 
C)  Excessive pay rates 
D)  Overage pay rates 
E)  Outlier pay rates 
A)  Red circle pay rates 
B)  Premium job pay rates 
C)  Excessive pay rates 
D)  Overage pay rates 
E)  Outlier pay rates

Question 6

In practice,traditional methods of job evaluation are rarely used for professional jobs such as scientists and engineers,because it is so difficult to identify compensable factors and degrees of factors that meaningfully capture the value of professional work.

Accepted Answer

A) True 
 B)False

Question 7

An employer ensures that they are gender-neutral in devising salaries for jobs that are both male- and female-dominated.Which type of legislation is the employer adhering to?

Accepted Answer

A)  Comparable worth 
B)  Pay equity 
C)  External equity 
D)  Internal inequity 
E)  Broadbanding 
A)  Comparable worth 
B)  Pay equity 
C)  External equity 
D)  Internal inequity 
E)  Broadbanding

Question 8

What are the three stages in establishing pay rates as discussed in the textbook?

Accepted Answer

A)  Job evaluation, conducting salary surveys, and combining job evaluation and salary survey results 
B)  Consulting with industry, determining salaries for executive positions, and deciding on a benefits plan 
C)  Pricing of benchmark jobs, collecting data on insurance benefits, and evaluating benefits packages 
D)  Collecting data on insurance benefits, creating a salary survey, and hiring external consultants 
E)  Collecting data used to price every job in the organization, working with a compensation consultant, and working with a benefits specialist 
A)  Job evaluation, conducting salary surveys, and combining job evaluation and salary survey results 
B)  Consulting with industry, determining salaries for executive positions, and deciding on a benefits plan 
C)  Pricing of benchmark jobs, collecting data on insurance benefits, and evaluating benefits packages 
D)  Collecting data on insurance benefits, creating a salary survey, and hiring external consultants 
E)  Collecting data used to price every job in the organization, working with a compensation consultant, and working with a benefits specialist

Question 9

Job evaluation committees do not include managers because this would constitute a conflict of interest.

Accepted Answer

A) True 
 B)False

Question 10

Executive compensation tends to emphasize performance incentives less than typical employee pay plans.

Accepted Answer

A) True 
 B)False

Question 11

According to the textbook,who usually writes the compensation policies for a company?

Accepted Answer

A)  The Chief Executive Officer 
B)  The Chief Financial Officer 
C)  The mid-level managers 
D)  An external labour consultant 
E)  An HR or compensation manager in partnership with senior management 
A)  The Chief Executive Officer 
B)  The Chief Financial Officer 
C)  The mid-level managers 
D)  An external labour consultant 
E)  An HR or compensation manager in partnership with senior management

Question 12

Which of the following refers to the creation of a compensation package that produces the employee behaviours that a company requires in order to achieve their competitive strategy?

Accepted Answer

A)  Cost-effective compensation plan 
B)  Aligned reward strategy 
C)  Hybrid pay structure 
D)  Dual salary/commission plan 
E)  Total benefits package 
A)  Cost-effective compensation plan 
B)  Aligned reward strategy 
C)  Hybrid pay structure 
D)  Dual salary/commission plan 
E)  Total benefits package

Question 13

What is the term for reducing the number of salary grades and ranges into just a few wide levels?

Accepted Answer

A)  Broadbanding 
B)  Job specialization 
C)  Departmentalization 
D)  Job classification 
E)  Position grading 
A)  Broadbanding 
B)  Job specialization 
C)  Departmentalization 
D)  Job classification 
E)  Position grading

Question 14

What is the term used to describe a diverse group established to ensure the fair and comprehensive representation of the nature and requirements of a job in question for the purposes of determining compensation?

Accepted Answer

A)  Performance appraisal committee 
B)  Job evaluation committee 
C)  Union negotiating team 
D)  Management negotiating team 
E)  Position review committee 
A)  Performance appraisal committee 
B)  Job evaluation committee 
C)  Union negotiating team 
D)  Management negotiating team 
E)  Position review committee

Question 15

What does job evaluation determine?

Accepted Answer

A)  Performance appraisals of individuals to the group 
B)  Promotability of employees who are not yet managers 
C)  Merit reviews of individuals to the group 
D)  The relative value of an individual's career earnings to the group's 
E)  The relative worth of jobs within a firm 
A)  Performance appraisals of individuals to the group 
B)  Promotability of employees who are not yet managers 
C)  Merit reviews of individuals to the group 
D)  The relative value of an individual's career earnings to the group's 
E)  The relative worth of jobs within a firm

Question 16

What is the term for rates of pay that are above the pay range maximum?

Accepted Answer

A)  Red circle pay rates 
B)  Premium job pay rates 
C)  Excessive pay rates 
D)  Overage pay rates 
E)  Outlier pay rates 
A)  Red circle pay rates 
B)  Premium job pay rates 
C)  Excessive pay rates 
D)  Overage pay rates 
E)  Outlier pay rates

Question 17

A pay grade comprises jobs of varying value and importance to the company.

Accepted Answer

A) True 
 B)False

Question 18

An advantage of using pay ranges for each pay grade is that it allows for which of the following?

Accepted Answer

A)  Age differences 
B)  Gender differences 
C)  Appraisal biases 
D)  Employer inflexibility 
E)  Performance differences between employees within the same grade 
A)  Age differences 
B)  Gender differences 
C)  Appraisal biases 
D)  Employer inflexibility 
E)  Performance differences between employees within the same grade

Question 19

The purpose of pay equity legislation is to eliminate discrimination based on age and culture.

Accepted Answer

A) True 
 B)False

Question 20

Tyrique has been asked to make a recommendation to his CEO with regard to how to pay construction workers being hired for a specific project.He is most likely to use which approach?

Accepted Answer

A)  Skill-based pay 
B)  Job evaluation 
C)  Internal benchmarking 
D)  Market pricing 
E)  Wage gap 
A)  Skill-based pay 
B)  Job evaluation 
C)  Internal benchmarking 
D)  Market pricing 
E)  Wage gap

Which of the following is an example of an informal compensation survey conducted by an employer?

Pay-for-knowledge systems meet pay equity requirements in Canada.

Point systems used in job evaluation are not very time consuming or difficult to develop.

There are five elements in an executive/managerial compensation package: salary,benefits,short-term incentives,long-term incentives,and perquisites.

ABC Healthcare has a pay range for its occupational therapists which is $55,000 to $75,000.A small ground of employees who merged with the company during a recent acquisition are paid $80,000 and above.What is the term to define their circumstance?

In practice,traditional methods of job evaluation are rarely used for professional jobs such as scientists and engineers,because it is so difficult to identify compensable factors and degrees of factors that meaningfully capture the value of professional work.

An employer ensures that they are gender-neutral in devising salaries for jobs that are both male- and female-dominated.Which type of legislation is the employer adhering to?

What are the three stages in establishing pay rates as discussed in the textbook?

Job evaluation committees do not include managers because this would constitute a conflict of interest.

Executive compensation tends to emphasize performance incentives less than typical employee pay plans.

According to the textbook,who usually writes the compensation policies for a company?

Which of the following refers to the creation of a compensation package that produces the employee behaviours that a company requires in order to achieve their competitive strategy?

What is the term for reducing the number of salary grades and ranges into just a few wide levels?

What is the term used to describe a diverse group established to ensure the fair and comprehensive representation of the nature and requirements of a job in question for the purposes of determining compensation?

What does job evaluation determine?

What is the term for rates of pay that are above the pay range maximum?

A pay grade comprises jobs of varying value and importance to the company.

An advantage of using pay ranges for each pay grade is that it allows for which of the following?

The purpose of pay equity legislation is to eliminate discrimination based on age and culture.

Tyrique has been asked to make a recommendation to his CEO with regard to how to pay construction workers being hired for a specific project.He is most likely to use which approach?

The Strategic Role of Human Resources Management

The Changing Legal Emphasis: Compliance and Impact on Canadian Workplaces

Human Resources Management and Technology

Designing and Analyzing Jobs

Human Resources Planning

Recruitment

Selection

Onboarding and Training

Career and Management Development

Performance Management

Pay-For-Performance and Financial Incentives

Employee Benefits and Services

Occupational Health and Safety

Managing Employee Separations: Turnover, Communication, and Employee Engagement

Labour Relations

Managing Human Resources in a Global Business

Filters

Exam 11: Strategic Pay Plans

Which of the following is an example of an informal compensation survey conducted by an employer?

Pay-for-knowledge systems meet pay equity requirements in Canada.

Point systems used in job evaluation are not very time consuming or difficult to develop.

There are five elements in an executive/managerial compensation package: salary,benefits,short-term incentives,long-term incentives,and perquisites.

ABC Healthcare has a pay range for its occupational therapists which is $55,000 to $75,000.A small ground of employees who merged with the company during a recent acquisition are paid $80,000 and above.What is the term to define their circumstance?

In practice,traditional methods of job evaluation are rarely used for professional jobs such as scientists and engineers,because it is so difficult to identify compensable factors and degrees of factors that meaningfully capture the value of professional work.

An employer ensures that they are gender-neutral in devising salaries for jobs that are both male- and female-dominated.Which type of legislation is the employer adhering to?

What are the three stages in establishing pay rates as discussed in the textbook?

Job evaluation committees do not include managers because this would constitute a conflict of interest.

Executive compensation tends to emphasize performance incentives less than typical employee pay plans.

According to the textbook,who usually writes the compensation policies for a company?

Which of the following refers to the creation of a compensation package that produces the employee behaviours that a company requires in order to achieve their competitive strategy?

What is the term for reducing the number of salary grades and ranges into just a few wide levels?

What is the term used to describe a diverse group established to ensure the fair and comprehensive representation of the nature and requirements of a job in question for the purposes of determining compensation?

What does job evaluation determine?

What is the term for rates of pay that are above the pay range maximum?

A pay grade comprises jobs of varying value and importance to the company.

An advantage of using pay ranges for each pay grade is that it allows for which of the following?

The purpose of pay equity legislation is to eliminate discrimination based on age and culture.

Tyrique has been asked to make a recommendation to his CEO with regard to how to pay construction workers being hired for a specific project.He is most likely to use which approach?

The Strategic Role of Human Resources Management

The Changing Legal Emphasis: Compliance and Impact on Canadian Workplaces

Human Resources Management and Technology

Designing and Analyzing Jobs

Human Resources Planning

Recruitment

Selection

Onboarding and Training

Career and Management Development

Performance Management

Pay-For-Performance and Financial Incentives

Employee Benefits and Services

Occupational Health and Safety

Managing Employee Separations: Turnover, Communication, and Employee Engagement

Labour Relations

Managing Human Resources in a Global Business

Filters