Question 1

A total rewards package encompasses not only compensation and benefits but also personal and professional growth opportunities.

Accepted Answer

A) True 
 B)False

Question 2

Supplemental executive retirement plans and supplemental life insurance are classified as ________ in executive compensation packages.

Accepted Answer

A)  base salary 
B)  short-term incentives 
C)  deferred long-term incentives 
D)  executive benefits and perks 
A)  base salary 
B)  short-term incentives 
C)  deferred long-term incentives 
D)  executive benefits and perks

Question 3

Employers use salary surveys in all the following ways EXCEPT to ________.

Accepted Answer

A)  collect employee benefits data 
B)  price jobs in the marketplace 
C)  price benchmark jobs 
D)  create wage curves 
A)  collect employee benefits data 
B)  price jobs in the marketplace 
C)  price benchmark jobs 
D)  create wage curves

Question 4

Broadbanding refers to the requirement to pay men and women equal wages for jobs of comparable value to the employer.

Accepted Answer

A) True 
 B)False

Question 5

What is the first step in the ranking method of job evaluation?

Accepted Answer

A)  developing class or grade descriptions 
B)  selecting and ranking jobs by department 
C)  identifying appropriate compensable factors 
D)  gathering job information from a job analysis 
A)  developing class or grade descriptions 
B)  selecting and ranking jobs by department 
C)  identifying appropriate compensable factors 
D)  gathering job information from a job analysis

Question 6

What is a disadvantage of the job classification method?

Accepted Answer

A)  vague benchmarking 
B)  reliance on competencies 
C)  complexity of grouping jobs 
D)  difficulty writing grade descriptions 
A)  vague benchmarking 
B)  reliance on competencies 
C)  complexity of grouping jobs 
D)  difficulty writing grade descriptions

Question 7

Which of the following is most likely a short-term incentive given to top executives?

Accepted Answer

A)  pension plans 
B)  stock bonuses 
C)  life insurance 
D)  stock options 
A)  pension plans 
B)  stock bonuses 
C)  life insurance 
D)  stock options

Question 8

________ means collapsing salary grades and ranges into just a few wide levels or bands,each of which contains a relatively wide range of jobs and salary levels.

Accepted Answer

A)  Comparable worth 
B)  Strategic compensation 
C)  Broadbanding 
D)  Job grading 
A)  Comparable worth 
B)  Strategic compensation 
C)  Broadbanding 
D)  Job grading

Question 9

Which of the following most likely indicates the need for job evaluation?

Accepted Answer

A)  work stoppages 
B)  low turnover rates 
C)  vertical promotions 
D)  part-time employees 
A)  work stoppages 
B)  low turnover rates 
C)  vertical promotions 
D)  part-time employees

Question 10

A ________ is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.

Accepted Answer

A)  pay group 
B)  benchmark 
C)  pay grade 
D)  class 
A)  pay group 
B)  benchmark 
C)  pay grade 
D)  class

Question 11

Because the minimum wage is set by the Fair Labor Standards Act,there is no variation among states in regarding the minimum wage paid to hourly workers.

Accepted Answer

A) True 
 B)False

Question 12

The purpose of conducting a salary survey is to ________.

Accepted Answer

A)  compare internal and external equity 
B)  determine prevailing wage rates 
C)  identify compensable factors 
D)  rank benchmark jobs 
A)  compare internal and external equity 
B)  determine prevailing wage rates 
C)  identify compensable factors 
D)  rank benchmark jobs

Question 13

What is the purpose of the wage curve?

Accepted Answer

A)  to show the relationship between the value of the job and the current average pay rates 
B)  to equate jobs of similar difficulty or importance as established by job evaluation 
C)  to cluster jobs into logical groupings for pay purposes 
D)  to choose benchmark jobs within each pay grade 
A)  to show the relationship between the value of the job and the current average pay rates 
B)  to equate jobs of similar difficulty or importance as established by job evaluation 
C)  to cluster jobs into logical groupings for pay purposes 
D)  to choose benchmark jobs within each pay grade

Question 14

External equity refers to how fair the job's pay rate is when compared to other jobs within the same company.

Accepted Answer

A) True 
 B)False

Question 15

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

Accepted Answer

A)  termination 
B)  overtime pay 
C)  record-keeping 
D)  minimum wage 
A)  termination 
B)  overtime pay 
C)  record-keeping 
D)  minimum wage

Question 16

Unlike other job evaluation methods,the ranking method relies heavily on job specifications.

Accepted Answer

A) True 
 B)False

Question 17

What are the similarities and differences between developing compensation plans for professionals and lower-level employees? What role does job evaluation play in each?

Accepted Answer

Developing compensation plans for manage

Question 18

The Equal Pay Act focuses on three compensable factors-know-how,problem solving,and accountability.

Accepted Answer

A) True 
 B)False

Question 19

What is a total rewards pay program? What components might be included in a total rewards plan?

Accepted Answer

There is a trend toward viewing rewards

Question 20

Which of the following makes executives personally liable for corporate financial oversight lapses?

Accepted Answer

A)  Sarbanes-Oxley Act 
B)  McCain-Feingold Act 
C)  Davis-Bacon Act 
D)  Walsh-Healey Act 
A)  Sarbanes-Oxley Act 
B)  McCain-Feingold Act 
C)  Davis-Bacon Act 
D)  Walsh-Healey Act

A total rewards package encompasses not only compensation and benefits but also personal and professional growth opportunities.

Supplemental executive retirement plans and supplemental life insurance are classified as ________ in executive compensation packages.

Employers use salary surveys in all the following ways EXCEPT to ________.

Broadbanding refers to the requirement to pay men and women equal wages for jobs of comparable value to the employer.

What is the first step in the ranking method of job evaluation?

What is a disadvantage of the job classification method?

Which of the following is most likely a short-term incentive given to top executives?

________ means collapsing salary grades and ranges into just a few wide levels or bands,each of which contains a relatively wide range of jobs and salary levels.

Which of the following most likely indicates the need for job evaluation?

A ________ is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.

Because the minimum wage is set by the Fair Labor Standards Act,there is no variation among states in regarding the minimum wage paid to hourly workers.

The purpose of conducting a salary survey is to ________.

What is the purpose of the wage curve?

External equity refers to how fair the job's pay rate is when compared to other jobs within the same company.

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

Unlike other job evaluation methods,the ranking method relies heavily on job specifications.

What are the similarities and differences between developing compensation plans for professionals and lower-level employees? What role does job evaluation play in each?

The Equal Pay Act focuses on three compensable factors-know-how,problem solving,and accountability.

What is a total rewards pay program? What components might be included in a total rewards plan?

Which of the following makes executives personally liable for corporate financial oversight lapses?

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Human Resource Strategy and Analysis

Job Analysis and Talent Management

Personnel Planning and Recruiting

Selecting Employees

Training and Developing Employees

Performance and Talent Management

Managing Careers

Pay for Performance and Employee Benefits

Maintaining Positive Employee Relations

Labor Relations and Collective Bargaining

Improving Occupational Safety, Health, and Risk Management

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Exam 10: Developing Compensation Plans

A total rewards package encompasses not only compensation and benefits but also personal and professional growth opportunities.

Supplemental executive retirement plans and supplemental life insurance are classified as ________ in executive compensation packages.

Employers use salary surveys in all the following ways EXCEPT to ________.

Broadbanding refers to the requirement to pay men and women equal wages for jobs of comparable value to the employer.

What is the first step in the ranking method of job evaluation?

What is a disadvantage of the job classification method?

Which of the following is most likely a short-term incentive given to top executives?

________ means collapsing salary grades and ranges into just a few wide levels or bands,each of which contains a relatively wide range of jobs and salary levels.

Which of the following most likely indicates the need for job evaluation?

A ________ is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.

Because the minimum wage is set by the Fair Labor Standards Act,there is no variation among states in regarding the minimum wage paid to hourly workers.

The purpose of conducting a salary survey is to ________.

What is the purpose of the wage curve?

External equity refers to how fair the job's pay rate is when compared to other jobs within the same company.

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

Unlike other job evaluation methods,the ranking method relies heavily on job specifications.

What are the similarities and differences between developing compensation plans for professionals and lower-level employees? What role does job evaluation play in each?

The Equal Pay Act focuses on three compensable factors-know-how,problem solving,and accountability.

What is a total rewards pay program? What components might be included in a total rewards plan?

Which of the following makes executives personally liable for corporate financial oversight lapses?

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Human Resource Strategy and Analysis

Job Analysis and Talent Management

Personnel Planning and Recruiting

Selecting Employees

Training and Developing Employees

Performance and Talent Management

Managing Careers

Pay for Performance and Employee Benefits

Maintaining Positive Employee Relations

Labor Relations and Collective Bargaining

Improving Occupational Safety, Health, and Risk Management

Filters