Question 1

Up to how many weeks does the Employment Insurance Act provide compensation for workers that are unemployed through no fault of their own?

Accepted Answer

A)  58 
B)  45 
C)  35 
D)  28 
E)  18 
A)  58 
B)  45 
C)  35 
D)  28 
E)  18

Question 2

The purpose of the wage curve is to show which of the following?

Accepted Answer

A)  The relationship between the value of the job and the employee's performance 
B)  The relationship between the value of the job and the current average pay rates for each job or grade 
C)  The relationship between the value of the job and the company's performance 
D)  The relationship between the current average pay rates for each job or grade and the employee's satisfaction 
E)  The relationship between the current average pay rates for each job or grade and the employee's seniority 
A)  The relationship between the value of the job and the employee's performance 
B)  The relationship between the value of the job and the current average pay rates for each job or grade 
C)  The relationship between the value of the job and the company's performance 
D)  The relationship between the current average pay rates for each job or grade and the employee's satisfaction 
E)  The relationship between the current average pay rates for each job or grade and the employee's seniority

Question 3

The point method of job evaluation involves identifying several compensable factors,each having several degrees,as well as the degree to which each of these factors is present in the job.

Accepted Answer

A) True 
 B)False

Question 4

When using a job evaluation method,such as the ranking method,which of the following is the eventual result of that approach?

Accepted Answer

A)  Job hierarchy 
B)  Promotion process 
C)  Equity theory 
D)  Human rights 
E)  Compensable factors 
A)  Job hierarchy 
B)  Promotion process 
C)  Equity theory 
D)  Human rights 
E)  Compensable factors

Question 5

Which of the following are the two main components of employee compensation?

Accepted Answer

A)  Payroll costs and government taxes 
B)  Direct and indirect financial payments 
C)  Regular pay and bonuses 
D)  Salary or wages and overtime pay 
E)  Earnings and incentives 
A)  Payroll costs and government taxes 
B)  Direct and indirect financial payments 
C)  Regular pay and bonuses 
D)  Salary or wages and overtime pay 
E)  Earnings and incentives

Question 6

The term "total rewards" refers only to the monetary components of compensation.

Accepted Answer

A) True 
 B)False

Question 7

According to the recent study conducted by Towers Watson referenced in the textbook,what is the most important factor in attracting employees to an organization?

Accepted Answer

A)  Excellent career opportunities 
B)  Competitive base pay 
C)  Interaction with co-workers 
D)  Bonuses and benefits 
E)  Relationship with their immediate manager 
A)  Excellent career opportunities 
B)  Competitive base pay 
C)  Interaction with co-workers 
D)  Bonuses and benefits 
E)  Relationship with their immediate manager

Question 8

Identify the four major compensable factors used in most point method job evaluation plans and identify and describe two sub-factors that might be used for each of the four major compensable factors.

Accepted Answer

One point for each major factor plus up

Question 9

Julien and Bernard,friends in the same commerce program,find similar summer jobs at different banks at the end of their winter school terms.Julien learns that Bernard's compensation is 11% more than what he is being paid.Julien feels that his employer provides unfair compensation and begins looking for a new job; what is this an example of?

Accepted Answer

A)  Pay equity legislation 
B)  Controllable equity 
C)  External equity 
D)  Comparable equity 
E)  Internal equity 
A)  Pay equity legislation 
B)  Controllable equity 
C)  External equity 
D)  Comparable equity 
E)  Internal equity

Question 10

Suzy recently joined an organization as an IT Consultant.The pay range for the role is $60,000 to $80,000.What is the minimum amount that Suzy should be paid?

Accepted Answer

A)  $50,000 
B)  $60,000 
C)  $70,000 
D)  $80,000 
E)  $90,000 
A)  $50,000 
B)  $60,000 
C)  $70,000 
D)  $80,000 
E)  $90,000

Question 11

According to the textbook,which of the following is the cornerstone of executive compensation because it is the element on which the others are layered?

Accepted Answer

A)  Prestige 
B)  Benefits 
C)  Incentives 
D)  Bonuses 
E)  Salary 
A)  Prestige 
B)  Benefits 
C)  Incentives 
D)  Bonuses 
E)  Salary

Question 12

Pay ranges are a series of steps or levels of pay within a pay grade.According to the textbook,what are the ranges usually based on?

Accepted Answer

A)  Peer appraisals 
B)  Years of education 
C)  Years of service 
D)  Teamwork 
E)  Amount of responsibility 
A)  Peer appraisals 
B)  Years of education 
C)  Years of service 
D)  Teamwork 
E)  Amount of responsibility

Question 13

Dominique has just been hired as the HR manager for a small but growing manufacturing company.Up until now,pay rates have been determined at the time of hire and are loosely based on "market" pay rates.Dominique has already noticed that some employees don't think the rates of pay are fair.How should Dominique go about establishing pay rates that are both externally and internally equitable? In your answer,indicate the issues that may arise if this is not done.

Accepted Answer

Three points each for identifying and de

Question 14

Wages,salaries,incentives,commissions,and bonuses are known as which of the following?

Accepted Answer

A)  Indirect deposits 
B)  Indirect financial payments 
C)  Variable payments 
D)  Direct deposits 
E)  Direct financial payments 
A)  Indirect deposits 
B)  Indirect financial payments 
C)  Variable payments 
D)  Direct deposits 
E)  Direct financial payments

Question 15

According to the recent study conducted by Towers Watson referenced in the textbook,what is the most important factor in retaining employees?

Accepted Answer

A)  Excellent career opportunities 
B)  Competitive base pay 
C)  Interaction with co-workers 
D)  Bonuses and benefits 
E)  Relationship with their immediate manager 
A)  Excellent career opportunities 
B)  Competitive base pay 
C)  Interaction with co-workers 
D)  Bonuses and benefits 
E)  Relationship with their immediate manager

Question 16

Most employers use a(n)________ approach to determine compensation for professional jobs.

Accepted Answer

A)  market-pricing 
B)  job evaluation 
C)  internal benchmarking 
D)  incentive-based 
E)  wage gap 
A)  market-pricing 
B)  job evaluation 
C)  internal benchmarking 
D)  incentive-based 
E)  wage gap

Question 17

Most of the pay equity acts in Canada focus on four compensable factors listed below except

Accepted Answer

A)  skill. 
B)  effort. 
C)  responsibility. 
D)  working conditions. 
E)  customers. 
A)  skill. 
B)  effort. 
C)  responsibility. 
D)  working conditions. 
E)  customers.

Question 18

Pay equity laws were enacted in order to specifically redress which of the following?

Accepted Answer

A)  Pay discrimination against senior citizens 
B)  The variety of compensable factors being used to evaluate jobs 
C)  The historical undervaluing of female-dominated job classes 
D)  Pay discrimination against people with disabilities 
E)  The variety of job evaluation systems being used to evaluate jobs 
A)  Pay discrimination against senior citizens 
B)  The variety of compensable factors being used to evaluate jobs 
C)  The historical undervaluing of female-dominated job classes 
D)  Pay discrimination against people with disabilities 
E)  The variety of job evaluation systems being used to evaluate jobs

Question 19

The argument that the way in which most compensation surveys are constructed,interpreted,and used leads almost invariably to a situation in which firms set higher wages than they otherwise might is reflective of which of the following terms?

Accepted Answer

A)  Employee discrimination 
B)  Upward bias 
C)  Systemic undervaluing 
D)  Stereotyping of data 
E)  Report bias 
A)  Employee discrimination 
B)  Upward bias 
C)  Systemic undervaluing 
D)  Stereotyping of data 
E)  Report bias

Question 20

Which of the following components of equity theory specifically refers to the fairness of an employee's pay compared with what his or her coworkers are earning for the same or very similar jobs within the company,based on each employee's performance?

Accepted Answer

A)  Pay equity legislation 
B)  Procedural equity 
C)  External equity 
D)  Individual equity 
E)  Employment equity 
A)  Pay equity legislation 
B)  Procedural equity 
C)  External equity 
D)  Individual equity 
E)  Employment equity

Up to how many weeks does the Employment Insurance Act provide compensation for workers that are unemployed through no fault of their own?

The purpose of the wage curve is to show which of the following?

The point method of job evaluation involves identifying several compensable factors,each having several degrees,as well as the degree to which each of these factors is present in the job.

When using a job evaluation method,such as the ranking method,which of the following is the eventual result of that approach?

Which of the following are the two main components of employee compensation?

The term "total rewards" refers only to the monetary components of compensation.

According to the recent study conducted by Towers Watson referenced in the textbook,what is the most important factor in attracting employees to an organization?

Identify the four major compensable factors used in most point method job evaluation plans and identify and describe two sub-factors that might be used for each of the four major compensable factors.

Suzy recently joined an organization as an IT Consultant.The pay range for the role is $60,000 to $80,000.What is the minimum amount that Suzy should be paid?

According to the textbook,which of the following is the cornerstone of executive compensation because it is the element on which the others are layered?

Pay ranges are a series of steps or levels of pay within a pay grade.According to the textbook,what are the ranges usually based on?

Wages,salaries,incentives,commissions,and bonuses are known as which of the following?

According to the recent study conducted by Towers Watson referenced in the textbook,what is the most important factor in retaining employees?

Most employers use a(n)________ approach to determine compensation for professional jobs.

Most of the pay equity acts in Canada focus on four compensable factors listed below except

Pay equity laws were enacted in order to specifically redress which of the following?

The argument that the way in which most compensation surveys are constructed,interpreted,and used leads almost invariably to a situation in which firms set higher wages than they otherwise might is reflective of which of the following terms?

Which of the following components of equity theory specifically refers to the fairness of an employee's pay compared with what his or her coworkers are earning for the same or very similar jobs within the company,based on each employee's performance?

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

Up to how many weeks does the Employment Insurance Act provide compensation for workers that are unemployed through no fault of their own?

The purpose of the wage curve is to show which of the following?

The point method of job evaluation involves identifying several compensable factors,each having several degrees,as well as the degree to which each of these factors is present in the job.

When using a job evaluation method,such as the ranking method,which of the following is the eventual result of that approach?

Which of the following are the two main components of employee compensation?

The term "total rewards" refers only to the monetary components of compensation.

According to the recent study conducted by Towers Watson referenced in the textbook,what is the most important factor in attracting employees to an organization?

Identify the four major compensable factors used in most point method job evaluation plans and identify and describe two sub-factors that might be used for each of the four major compensable factors.

Suzy recently joined an organization as an IT Consultant.The pay range for the role is $60,000 to $80,000.What is the minimum amount that Suzy should be paid?

According to the textbook,which of the following is the cornerstone of executive compensation because it is the element on which the others are layered?

Pay ranges are a series of steps or levels of pay within a pay grade.According to the textbook,what are the ranges usually based on?

Wages,salaries,incentives,commissions,and bonuses are known as which of the following?

According to the recent study conducted by Towers Watson referenced in the textbook,what is the most important factor in retaining employees?

Most employers use a(n)________ approach to determine compensation for professional jobs.

Most of the pay equity acts in Canada focus on four compensable factors listed below except

Pay equity laws were enacted in order to specifically redress which of the following?

The argument that the way in which most compensation surveys are constructed,interpreted,and used leads almost invariably to a situation in which firms set higher wages than they otherwise might is reflective of which of the following terms?

Which of the following components of equity theory specifically refers to the fairness of an employee's pay compared with what his or her coworkers are earning for the same or very similar jobs within the company,based on each employee's performance?

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