Question 1

Pay ranges for clerical and production jobs commonly range between _____ and _____.

Accepted Answer

A)  5,15 
B)  15,30 
C)  30,40 
D)  40,60 
A)  5,15 
B)  15,30 
C)  30,40 
D)  40,60 A

Question 2

Job structure is to ________ as pay structure is to pay-policy line.

Accepted Answer

A)  market line 
B)  pay surveys 
C)  job evaluation 
D)  reference rates 
A)  market line 
B)  pay surveys 
C)  job evaluation 
D)  reference rates C

Question 3

Which of the following jobs would most likely fall into a fuzzy market?

Accepted Answer

A)  Screen writer (MGM) 
B)  Sound engineer (Sony studios) 
C)  Director of future vision services (West Publishing) 
D)  Vice-president of people (Southwest Airlines) 
A)  Screen writer (MGM) 
B)  Sound engineer (Sony studios) 
C)  Director of future vision services (West Publishing) 
D)  Vice-president of people (Southwest Airlines) C

Question 4

Aging the market data to a point halfway through the plan year is called lead/lag.

Accepted Answer

A) True 
 B)False

Question 5

The purpose of collecting data on number of employees in a pay survey is to _____.

Accepted Answer

A)  indicate how the business is organized 
B)  estimate the ability to pay 
C)  estimate the organization's impact on the labor market 
D)  indicate staffing patterns 
A)  indicate how the business is organized 
B)  estimate the ability to pay 
C)  estimate the organization's impact on the labor market 
D)  indicate staffing patterns

Question 6

Total cash includes base pay plus stock options and benefits.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following types of labor would most likely be recruited only locally?

Accepted Answer

A)  Office and clerical workers 
B)  Scientists 
C)  Managers 
D)  Executives 
A)  Office and clerical workers 
B)  Scientists 
C)  Managers 
D)  Executives

Question 8

Adjustments to forms of pay occur more often than adjustments to overall pay level.

Accepted Answer

A) True 
 B)False

Question 9

What is a market line?

Accepted Answer

A market line links a company's benchmar

Question 10

The _____ pay strategy emphasizes external competitiveness and deemphasizes internal alignment.

Accepted Answer

A)  job structure 
B)  broad banding 
C)  reference rate 
D)  market pricing 
A)  job structure 
B)  broad banding 
C)  reference rate 
D)  market pricing

Question 11

Size of pay differentials between grades should _____.

Accepted Answer

A)  be based upon differentials in market surveys 
B)  be approximately 15 percent 
C)  support career movement through the pay structure 
D)  be between 10 and 25 percent 
A)  be based upon differentials in market surveys 
B)  be approximately 15 percent 
C)  support career movement through the pay structure 
D)  be between 10 and 25 percent

Question 12

A common practice is to use the 10th and 90th percentiles from pay survey data to set minimums and maximums of pay grades.

Accepted Answer

A) True 
 B)False

Question 13

Survey data from one or a few employers that are significantly out of line with other employers _____.

Accepted Answer

A)  are deviant data 
B)  are anomalies 
C)  reflect a diverse sample 
D)  are standard deviations 
A)  are deviant data 
B)  are anomalies 
C)  reflect a diverse sample 
D)  are standard deviations

Question 14

It is easier for employers to determine the worth of jobs that fall into fuzzy markets than traditional relevant markets.

Accepted Answer

A) True 
 B)False

Question 15

The most common measure of variation in pay surveys is the standard deviation.

Accepted Answer

A) True 
 B)False

Question 16

Financial data in pay surveys are used to _____.

Accepted Answer

A)  group firms by size 
B)  analyze competitors' performance 
C)  compare competitors' labor costs 
D)  compare competitors' debt ratios 
A)  group firms by size 
B)  analyze competitors' performance 
C)  compare competitors' labor costs 
D)  compare competitors' debt ratios

Question 17

Pay ranges for top-level management positions are commonly larger than those other professional and midlevel managerial positions.

Accepted Answer

A) True 
 B)False

Question 18

A relevant labor market includes all employers who compete in one or more of the following areas except _____.

Accepted Answer

A)  employees in the same geographic area 
B)  the same occupations or skills 
C)  the same products and services 
D)  pay similar wages 
A)  employees in the same geographic area 
B)  the same occupations or skills 
C)  the same products and services 
D)  pay similar wages

Question 19

In a survey,employees' views reveal what they think about their pay.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is often used to set pay ranges?

Accepted Answer

A)  Median 
B)  Weighted mean 
C)  Quartiles and percentiles 
D)  Standard deviation 
A)  Median 
B)  Weighted mean 
C)  Quartiles and percentiles 
D)  Standard deviation

Pay ranges for clerical and production jobs commonly range between _ and _.

Job structure is to ________ as pay structure is to pay-policy line.

Which of the following jobs would most likely fall into a fuzzy market?

Aging the market data to a point halfway through the plan year is called lead/lag.

The purpose of collecting data on number of employees in a pay survey is to _____.

Total cash includes base pay plus stock options and benefits.

Which of the following types of labor would most likely be recruited only locally?

Adjustments to forms of pay occur more often than adjustments to overall pay level.

What is a market line?

The _____ pay strategy emphasizes external competitiveness and deemphasizes internal alignment.

Size of pay differentials between grades should _____.

A common practice is to use the 10^th and 90^th percentiles from pay survey data to set minimums and maximums of pay grades.

Survey data from one or a few employers that are significantly out of line with other employers _____.

It is easier for employers to determine the worth of jobs that fall into fuzzy markets than traditional relevant markets.

The most common measure of variation in pay surveys is the standard deviation.

Financial data in pay surveys are used to _____.

Pay ranges for top-level management positions are commonly larger than those other professional and midlevel managerial positions.

A relevant labor market includes all employers who compete in one or more of the following areas except _____.

In a survey,employees' views reveal what they think about their pay.

Which of the following is often used to set pay ranges?

The Pay Model

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 8: Designing Pay Levels, mix, and Pay Structures

Pay ranges for clerical and production jobs commonly range between _____ and _____.

Job structure is to ________ as pay structure is to pay-policy line.

Which of the following jobs would most likely fall into a fuzzy market?

Aging the market data to a point halfway through the plan year is called lead/lag.

The purpose of collecting data on number of employees in a pay survey is to _____.

Total cash includes base pay plus stock options and benefits.

Which of the following types of labor would most likely be recruited only locally?

Adjustments to forms of pay occur more often than adjustments to overall pay level.

What is a market line?

The _____ pay strategy emphasizes external competitiveness and deemphasizes internal alignment.

Size of pay differentials between grades should _____.

A common practice is to use the 10th and 90th percentiles from pay survey data to set minimums and maximums of pay grades.

Survey data from one or a few employers that are significantly out of line with other employers _____.

It is easier for employers to determine the worth of jobs that fall into fuzzy markets than traditional relevant markets.

The most common measure of variation in pay surveys is the standard deviation.

Financial data in pay surveys are used to _____.

Pay ranges for top-level management positions are commonly larger than those other professional and midlevel managerial positions.

A relevant labor market includes all employers who compete in one or more of the following areas except _____.

In a survey,employees' views reveal what they think about their pay.

Which of the following is often used to set pay ranges?

The Pay Model

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Pay ranges for clerical and production jobs commonly range between _ and _.

A common practice is to use the 10^th and 90^th percentiles from pay survey data to set minimums and maximums of pay grades.